Silver trend for today- 05-Dec-2012
Silver is in long- term bull phase .Currently Silver is showing some down move and trend is strong momentum is also showing strength but volume is unsatisfactory The open interest is not increasing with trend . Caution note selling at lower levels seems decreasing. The oscillator is on SELL signal and Silver is coming down from overbought level For short term Silver is in HOLD SHORT position.Positionally Support for the Silver is 60081-.Resistance for the Silver is 61017-61816-61877-62477-62770-
Short term and Intraday Level of SILVER
Currently Silver is in SELL position The Silver is in downtrend For short term buy only if close above 61962.0 The Silver is now trading is approaching oversold level. The Silver is now trading is approaching oversold level. The oscillator is showing SELL signalIntraday Trend- Buy is advised above 61871.7 with a stop at 60012.1 Below 59474.6 go for sell
Intraday Resistance of SILVER are 61155.7/61640.4/62445/61596.7/61720.9
Intraday Support of SILVER are 60186.3/59701.6/58897/60608/60484.9.
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