Monday, 20 May 2013

SILVER TREND FOR TODAY- 20-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 SELL position.Positionally Immediate support for Silver is 42112.Resistance for the Silver is 44384-44506-44618-47650-49922-51980-
Short term and Intraday Level of SILVER
Currently Silver is in SELL position Silver is in down trend so buy above 43114.0 The sell will again come if below 42281.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 43321.5 with a stop at 42241.3 Below 41938.9 go for sell
Intraday Resistance of SILVER are 42700.2 : 42759.2 : 42929.9 : 42973
Intraday Support of SILVER are 42557.8 : 42498.8 : 42310.6 : 42267.8

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