Tuesday 22 October 2013

SILVER TREND FOR TODAY- 22-Oct-2013

Silver is in long- short-medium- short- term bull phase .Currently Silver is moving sideways The oscillator is showing BUY signal but has moved past its recent high. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 48648-48152-47983-47971-46127-.Resistance for the Silver is 51239-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 47541 The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 49882.6 with a stop at 48777.8 Below 48475.9 go for sell with a stop at 49579.5
Intraday Resistance of SILVER are 49748.8 : 50222.6 : 49511.2 : 49557.5
Intraday Support of SILVER are 48607.2 : 48133.4 : 48845.9 : 48800

 

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