Thursday 26 September 2013

SILVER TREND FOR TODAY- 26-Sep-2013

Silver is in long- term bull phase .Currently Silver is in strong downtrend with good momentum but volume is unsatisfactory The open interest is not increasing with trend .. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Support for the Silver is 46208-45338-.Resistance for the Silver is 49416-49966-50999-52711-
Short term and Intraday Level of SILVER
Currently Silver is in SELL position Silver is in down trend so buy above 49513.0 The sell will again come if below 48432.0 The Silver is now trading is approaching oversold level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 49767.4 with a stop at 48824.6 Below 48576.6 go for sell
Intraday Resistance of SILVER are 49668.1 : 50080.6 : 49504.2 : 49550.5
Intraday Support of SILVER are 48673.9 : 48261.4 : 48838.9 : 48793

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