Thursday, 6 February 2014

SILVER TREND FOR TODAY- 06-Feb-2014

Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 44173-43996-.Resistance for the Silver is 44619-44723-45639-46493-
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 45410.5 or hold with stop at 42928.0 The next resistance will be at 45223.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 45410.5 with a stop at 43840.2 Below 43377.2 go for sell and put stop at 44945.6
Intraday Resistance of SILVER are 44794.1 : 45196.1 : 45863.6 : 44708.6 : 44752.6
Intraday Support of SILVER are 43989.9 : 43587.9 : 42920.4 : 44076.5 : 44032.9

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