Wednesday 23 January 2013

SILVER TREND FOR TODAY- 24-JAN-2013


Silver is bearish for medium-long term .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position and closed above 1 month high with volume signals up breakout.Positionally Support for the Silver is 59109-58742-58341-.Resistance for the Silver is 60212-60392-60626-

Short term and Intraday Level of SILVER

Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 59355 The Silver is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 60285.6 with a stop at 59595.4 Below 59445.6 go for sell with a stop at 60135.2
Intraday Resistance of SILVER are 60111.8/60316.6/60278/60400.9
Intraday Support of SILVER are 59618.2/59413.4/59300/59178.3


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1 comments :

  1. Very nice and helpful information has been given in this article. I like the way you explain the things. Keep posting. Thanks.. Stock Tips | Free Stock Tips

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