Thursday, 23 May 2013

SILVER TREND FOR TODAY- 24-May-2013


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 .. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 43314-.Resistance for the Silver is 44187-44522-46760-49365-51332-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 44186.8 with stop at 40749.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised only above 44186.8 with a stop at 43220.6 Below 42957.3 go for sell and put stop at 43922.5
Intraday Resistance of SILVER are 44098.6 : 44536.6 : 43884.7 : 43928.3
Intraday Support of SILVER are 43043.4 : 42605.4 : 43258.5 : 43215.2

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