Thursday 30 January 2014

SILVER TREND FOR TODAY- 31-Jan-2014

Silver is bearish for medium-long term .Currently Silver is in uptrend 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 and closed below 3 week low with volume signals down breakout.Positionally Immediate support for Silver is 42908.Resistance for the Silver is 44689-44737-44802-44832-45932-46736-
Short term and Intraday Level of SILVER
Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 44850.0 The Silver is now trading in highly oversold level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 44059 with a stop at 42758.8 Below 42384 go for sell
Intraday Resistance of SILVER are 43595.5 : 43971.1 : 44594.5 : 43532.4 : 43575.8
Intraday Support of SILVER are 42844.5 : 42468.9 : 41845.5 : 42908.7 : 42865.6

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