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Commodity daily levels (08-Feb.)

SILVER is outperforming the last two trading sessions where 62250 is an immediate resistance zone above this, we can expect a short covering rally towards 62500-62600 zone. On the downside 61450-61500 immediate level while 61200 will be the next important support level.

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Commodity daily levels (08-Feb.)

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  1. February 08, 2022 Daily Commodity Levels COMMODITY OUTLOOK Daily Commodity Market Updates News in headlines: U.S., Japan reach deal to cut tariffs on Japanese steel, fight excess output Oil slips from 7-year highs ahead of more U.S.-Iran talks Oil Steadies Above $91 With Focus Turning to Iran Nuclear Talks Chart of the day: SILVER: SILVER is outperforming the last two trading sessions where 62250 is an immediate resistance zone above this, we can expect a short covering rally towards 62500-62600 zone. On the downside 61450-61500 immediate level while 61200 will be the next important support level. Technical View: Bullion: Day trend is indicating sideways to upside in Gold & Silver. Energy: Day trend is indicating uptrend in Crude oil & downtrend in Natural gas. Base metals: Day trend in base metal is indicating to sideways to upside. research@swastika.co.in 1 www.swastika.co.in

  2. February 08, 2022 Daily Commodity Levels Pivot levels for MCX Bullion: COMMODITY R3 R2 R1 PP S1 S2 S3 TREND UPTREND 48570 48409 48318 48157 48066 47905 47814 GOLD UPTREND 63051 62568 62302 61819 61553 61070 60804 SILVER UPTREND 14255 14196 14164 14105 14073 14014 13982 BULLDEX Pivot levels for MCX Energy: COMMODITY R3 R2 R1 PP S1 S2 S3 TREND UPTREND CRUDEOIL 6996 6949 6874 6827 6752 6705 6630 DOWNTREND NATURALGAS 356.97 346.63 329.17 318.83 301.37 291.03 273.57 UPTREND MCXENRGDEX 7024 6955 6839 6770 6654 6585 6469 Pivot levels for MCX Metals: COMMODITY R3 R2 R1 PP S1 S2 S3 TREND SIDEWAYS 255.27 252.98 251.57 249.28 247.87 245.58 244.17 ALUMINIUM SIDEWAYS NICKEL 1835 1813 1794 1772 1753 1731 1711 SIDEWAYS ZINC 309.30 306.00 304.20 300.90 299.10 295.80 294.00 SIDEWAYS COPPER 764.32 760.68 757.62 753.98 750.92 747.28 744.22 SIDEWAYS 186.80 185.90 184.60 183.70 182.40 181.50 180.20 LEAD SIDEWAYS 18742 18635 18562 18455 18382 18275 18202 METLDEX research@swastika.co.in 2 www.swastika.co.in

  3. February 08, 2022 Daily Commodity Levels Important Data Today: Trade Balance(USD)(Time:07.00pm) IBD/TIPP Economic Optimism(USD)(Time:08.30pm) DISCLAIMER: Disclaimer: This document is solely for the personal information of the intended recipient and must not be exceptionally used as the basis for any investment decision. Nothing in this document should be construed as investment, Legal, taxation or financial advice. Swastika Investmart Ltd. is not soliciting any action based upon it. Each recipient of this document should make necessary investigations as they consider important to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved). This report has been made based on information that we consider reliable and are publicly available but we do not state that it is accurate or complete and it should not be solely relied upon such, as this document is for. Swastika Investmart Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make investment decisions that are inconsistent with or contradictory to the recommendations expressed herein. The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within this document. Swastika Investmart Limited or any of its affiliates/ group companies, or employees shall not be in any way held responsible for any loss or damage that may arise to any person from any inadverten terror in the information contained in this report. CORPORATE & ADMINISTRATIVE OFFICE - 48, Jaora Compound, M.Y.H. Road, Indore - 452 001 | Phone0731 - 6644000 / 3345000 Compliance Officer: Ms. Sheetal Duraphe Email: compliance@swastika.co.inPhone: (0731) 6644 241 Swastika Investmart Limited, SEBI Regn. No. : NSE - INB/F/E 231129736, BSE - INB/F 011129732, MSEI - INE 261129736, INB/F 261129739, NSDL & CDSL - IN-DP-115-2015, NCDEX & MCX : INZ000072532, Investment Advisor Regn. No. – INA000009843. research@swastika.co.in 3 www.swastika.co.in

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