Wednesday, 12 June 2013

SILVER TREND FOR TODAY- 13-Jun-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 . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in HOLD SHORT position.Positionally Immediate support for Silver is 42511.Resistance for the Silver is 43759-43933-43950-44170-47092-49019-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in down trend so buy above 44155.0 The sell will again come if below 42682.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 43977.2 with a stop at 43287.5 Below 43116.2 go for sell
Intraday Resistance of SILVER are 43889.4 : 44174.5 : 43859.6 : 43903.1
Intraday Support of SILVER are 43202.6 : 42917.5 : 43233.5 : 43190.3

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