Friday, 17 May 2013

SILVER TREND FOR TODAY- 17-May-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 . In last few days volume based selling happened in the Silver. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 42112.Resistance for the Silver is 44536-44822-44845-48124-50269-52315-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position The Silver is in downtrend For short term buy only if close above 44303.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 43964.8 with a stop at 42868.6 Below 42561.7 go for sell and put stop at 43656.7
Intraday Resistance of SILVER are 43877 : 44387.5 : 43286.2 : 43329.5
Intraday Support of SILVER are 42647 : 42136.5 : 42664.3 : 42621.3

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