Sunday 26 May 2013

SILVER TREND FOR TODAY- 27-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 BUY signal For short term Silver is in SELL position.Positionally Support for the Silver is 43151-.Resistance for the Silver is 44094-44454-46547-49224-51183-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver is in profit booking mode so either sell of or keep stop at42935 so better sell and enter at lower level The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 44087.4 with a stop at 43123.4 Below 42860.7 go for sell
Intraday Resistance of SILVER are 43812.4 : 44094 : 43786.3 : 43829.9
Intraday Support of SILVER are 43133.6 : 42852 : 43160.8 : 43117.6

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