Wednesday, 1 May 2013

SILVER TREND FOR TODAY- 02-May-2013


Silver is bearish for medium-long term .Currently Silver is moving sideways The Silver is now trading in highly oversold level. The Silver is now trading in highly oversold level. The oscillator is showing BUY signal .In last 3 weeks Silver is trading in low volatality and fresh Buy can be considered in the Silver if it close above48562 or buy with strict stop at 42169. 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 LONG position.Positionally Immediate support for Silver is 42169.Resistance for the Silver is 44177-44338-46983-50694-52522-54122-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position The Silver is in downtrend For short term buy only if close above 45261.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 44666 with a stop at 43113.7 Below 42655.6 go for sell
Intraday Resistance of SILVER are 44096.4/44533.8/45259.9/44281.9/44387.1
Intraday Support of SILVER are 43221.6/42784.2/42058.1/43444.1/43340

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