Friday 1 February 2013

SILVER TREND FOR TODAY- 02-FEB-2013


Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend .. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 57242.Resistance for the Silver is 58920-58955-59223-59621-60324-60330-

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 59050.5 or hold with stop at 57472.0 The next resistance will be at 59139.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 59050.5 with a stop at 58170.1 Below 57955.2 go for sell and put stop at 58834.8
Intraday Resistance of SILVER are 58838.7/59175.4/59734.3/58876.3/58997.7
Intraday Support of SILVER are 58165.3/57828.6/57269.7/57909.7/57789.5



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