Friday 21 June 2013

SILVER TREND FOR TODAY- 21-Jun-2013

Silver is bearish for medium-long term.Currently Silver is showing some down move and trend is strong momentum is also showing strength and 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 1 month low with volume signals down breakout.Positionally Immediate support for Silver is 41021.Resistance for the Silver is 43681-43746-43790-44134-46059-48174-
Short term and Intraday Level of SILVER
Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in SELL position Silver is in sideways but the trend looks weak so better buy above 44240.0 or hold with stop at 41186.0 The oscillator is showing SELL signal
Intraday Trend- Sell if open below 40465.4 with stop loss at 42147.6 or sell below 39708.5Buy is not advised till it cross 42907.6
Intraday Resistance of SILVER are 42022.6 : 42740.3 : 43931.6 : 41610.4 : 41652.9
Intraday Support of SILVER are 40587.4 : 39869.7 : 38678.4 : 41000.7 : 40958.6

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