SILVER TREND FOR TODAY- 10-Nov-2013

Silver is bearish for medium-long term .Currently Silver is in strong downtrend but volume is unsatisfactory The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Silver is now trading in highly oversold level. The Silver is now trading in highly oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 43764-.Resistance for the Silver is 44445-45752-47346-48618-48852-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 44867.5 with stop at 42418.0 The Silver is now trading is approaching overbought level. The oscillator is on SELL signal and Silver is coming down from overbought level
Intraday Trend- Buy is advised only above 44867.5 with a stop at 43763.3 Below 43455 go for sell and put stop at 44557.9
Intraday Resistance of SILVER are 44480 : 44745.6 : 44475.8 : 44519.7
Intraday Support of SILVER are 43840 : 43574.4 : 43845.3 : 43801.8

 

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