Thursday, 16 January 2014

SILVER TREND FOR TODAY- 17-Jan-2014

Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above45923 or buy with strict stop at 42265. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Immediate support for Silver is 42265.Resistance for the Silver is 44787-44845-44937-45157-46421-47676-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in profit booking mode so either sell of or keep stop at44456 so better sell and enter at lower level The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 44924.7 with a stop at 44311.2 Below 44166.5 go for sell
Intraday Resistance of SILVER are 44835 : 45075.7 : 44862.1 : 44906.2
Intraday Support of SILVER are 44255 : 44014.3 : 44229 : 44185.2

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