Thursday, August 4, 2011

MCX SILVER TIPS & TREND TODAY 4 August

Commodity market has opened positive and will continue its bullish trend in today's trading session as well. 
MCX Gold is doing good business as well as we can also see bullish trend in silver. 

MCX SILVER SUPPORT AND RESISTANCE :-

Support for the Silver is 59201-59123-57649-57098-55171-55071
Immediate resistance for Silver is 62128

MCX SILVER TREND (Short Term) :-

Silver closed above 1 week high with volume signals up breakoutCurrently Silver is in HOLD LONG position Silver is in sideways and sellers was at high so for short term better buy above 62744.5 or hold with stop at 57620.0 The next resistance will be at 61880.0 The oscillator is showing BUY signal


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