Friday, 21 June 2013

SILVER TREND FOR TODAY- 22-Jun-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 Immediate support for Silver is 40553.Resistance for the Silver is 43414-43595-43721-44108-45889-48055-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver is in sideways so for short term better buy above 42084.5 with stop at 40716.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 42084.5 with a stop at 41162.8 Below 40911.6 go for sell and put stop at 41832.2
Intraday Resistance of SILVER are 42000.5 : 42418.3 : 41803.1 : 41845.7
Intraday Support of SILVER are 40993.5 : 40575.7 : 41192 : 41149.8

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