Friday, 7 June 2013

SILVER TREND FOR TODAY- 08-Jun-2013

Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal and has moved down its previous low with good volume points to a negative break out . The oscillator is showing BUY signal For short term The current position isBUY and Silver closed below 1 week low with volume signals down breakout.Positionally Immediate support for Silver is 42761.Resistance for the Silver is 43875-44012-44020-44721-47685-49588-
Short term and Intraday Level of SILVER
Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in HOLD LONG position Silver is in sideways but the trend looks weak so better buy above 44744.0 or hold with stop at 42933.0 The oscillator is showing BUY signal 
Intraday Trend- Sell if open below 42463.8 with stop loss at 43588.2 or sell below 41988.5Buy is not advised till it cross 44065.3
Intraday Resistance of SILVER are 43501.2 : 43977.3 : 44767.7 : 43336.7 : 43380
Intraday Support of SILVER are 42548.8 : 42072.7 : 41282.3 : 42714.4 : 42671.4

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