Silver trend for today- 11-Dec-2012
SSilver is in perfect uptrend .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 Support for the Silver is 62282-61833-61803-61301-60618-60534-. Immediate resistance for Silver is 64399
Short term and Intraday Level of SILVER
Currently Silver is in HOLD LONG position Silver has crossed the high but the trend was not strong and sellers was at high so for short term better buy above 63769.9 with stop at 61601.0 The Silver is now trading is approaching overbought level. The Silver is now trading is approaching overbought level. The oscillator is showing BUY signalIntraday Trend- Buy is advised only above 63769.9 with a stop at 62475.5 Below 62128.8 go for sell and put stop at 63421.9
Intraday Resistance of SILVER are 63281.2/63557.8/63459.8/63585.8
Intraday Support of SILVER are 62614.8/62338.2/62456.2/62331.3
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