Monday 2 September 2013

SILVER TREND FOR TODAY- 02-Sep-2013

Silver is in long- medium- short-medium- short- term bull phase .Currently Silver is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend .. The Silver is now trading in highly overbought level. The Silver is now trading in highly overbought level. The oscillator is showing SELL signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 52380-48497-44642-43769-43763-.Resistance for the Silver is 54121-
Short term and Intraday Level of SILVER
Currently Silver is in HOLD SHORT position Silver has formed a new 5 day low yesterday but failed to keep the trend so if selling has to considered better below52694.1 Buy if above 59942.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 53731.5 with a stop at 52899.9 Below 52694.1 go for sell
Intraday Resistance of SILVER are 53553.6 : 53837.2 : 53558.6 : 53606.7
Intraday Support of SILVER are 52870.4 : 52586.8 : 52866.5 : 52818.7

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