Monday, 1 April 2013

silver news and trend

Trend updated for-Apr/01/2013.CMP-53072 Overall trend of the Silver is bearish for medium-long term .Currently Silver is in strong downtrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The oscillator is showing SELL signal For short term Silver is in SELL position.Positionally Immediate support for Silver is 51219.Resistance for the Silver is 54354-54425-54541-55536-56671-57647-
Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 53933.0 The oscillator is showing BUY signal

Intraday Trend- Buy is advised only above 53792.7 with a stop at 52353.8 Below 51741.7 go for sell

Intraday Resistance of SILVER are 53685.3/54298.6/55316.7/53159.1/53274
Intraday Support of SILVER are 52458.7/51845.4/50827.3/52240.9/52126.7

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