Tuesday 16 July 2013

SILVER TREND FOR TODAY- 17-July-2013

Silver is bearish for medium-long term .Currently Silver is in strong uptrend with good momentum 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 The current position is BUY .Positionally Support for the Silver is 40712-40592-40450-.Resistance for the Silver is 42410-43113-45148-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position In short term Silver is in strong up trend so hold with stop at 40979 Very Short term investor please cautious on Silver as it is moving with low volatality The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 41441.6 with a stop at 40768.8 Below 40599.7 go for sell with a stop at 41271.8
Intraday Resistance of SILVER are 41358.9 : 41640.2 : 41324.4 : 41366.7
Intraday Support of SILVER are 40681.1 : 40399.8 : 40716.8 : 40674.8

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