Tuesday, 28 January 2014

SILVER TREND FOR TODAY- 28-Jan-2014

Silver is bearish for medium-long term .Currently Silver is showing some up move after small correction and trend is strong and supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in HOLD LONGposition.Positionally Support for the Silver is 44627-44523-44480-44413-.Resistance for the Silver is 46080-46970-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 45874.2 or hold with stop at 44112.0 The next resistance will be at 45649.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 45874.2 with a stop at 44839.8 Below 44556.1 go for sell and put stop at 45589.3
Intraday Resistance of SILVER are 45560.8 : 45848.7 : 45533.5 : 45577.9
Intraday Support of SILVER are 44867.2 : 44579.3 : 44895.6 : 44851.5

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