Choice Commodity Research

Sumeet Bagadia’s Desk : Book Part Profit @ 323.90...Buy in Commodity ALUMINIUM|30OCT26 @ 323.00 SL 322.00 TGT 325.00

Sumeet Bagadia’s Desk:Buy ZINC|30OCT26 in Commodity @ 421.00 SL 420.45 TGT 422.10

Copper Update Copper prices fell amid Workers at Chile’s Centinela copper mine ratified a new collective bargaining agreement with Antofagasta Minerals, successfully ending a strike that lasted over a week, according to both unions and the company. -Choice Broking

Sumeet Bagadia’s Desk:Buy ALUMINIUM|30OCT26 in Commodity @ 323.00 SL 322.00 TGT 325.00

Silver Update China's solar power equipment exports ​fell 6.4% in September ‌from the same month last year, customs data ​showed. Positive for Silver. -Choice Broking

Aluminium Update China’s Q3 primary aluminum output hit a record 11.84 million metric tons, up 2.2% year-over-year, with September reaching 3.91 million tons. Output is tracking an annual pace of 46.7 million tons, exceeding Beijing's 45-million-ton capacity cap. Negative for aluminium. -Choice Broking

Sumeet Bagadia’s Desk : Book Part Profit @ 297.70...Buy in Commodity NATURALGAS|27OCT26 @ 295.20 SL 292.20 TGT 301.20

Sumeet Bagadia’s Desk : Stopped Out @ 9277.00...Sell in Commodity CRUDEOIL|19NOV26 @ 9215.00 SL 9277.00 TGT 9091.00

Crude Oil Update Crude Oil prices fell as US sanction waivers on Russia raised export expectations. Despite a 60-day US economic review, shipping attacks sharply reduced Gulf crude flows to 8.5 million bpd, while Egypt offered defense support to Saudi Arabia. -Choice Broking

Daily LME Stock Update London Metal Exchange (LME) inventories — zinc +4,775 tonnes, copper +6,750 tonnes, nickel +120 tonnes; aluminium -1,500 tonnes, lead -1,150 tonnes, tin -50 tonnes. -Choice Broking

Industrial Metals Update China’s Commerce Ministry proposed adding 12 solar equipment technologies to its export-control list, citing national security concerns. The broader policy revision also encompasses technology exports related to artificial intelligence and biotechnology. Positive for Industrial Metal. -Choice Broking

Sumeet Bagadia’s Desk:Buy NATURALGAS|27OCT26 in Commodity @ 295.20 SL 292.20 TGT 301.20

Sumeet Bagadia’s Desk:Sell CRUDEOIL|19NOV26 in Commodity @ 9215.00 SL 9277.00 TGT 9091.00

Sumeet Bagadia’s Desk : Stopped Out @ 421.50...Sell in Commodity ZINC|30OCT26 @ 420.50 SL 421.50 TGT 418.50

Sumeet Bagadia’s Desk:Buy SILVERMIC|30NOV26 in Commodity @ 214580.00 SL 212890.00 TGT 217960.00

Sumeet Bagadia’s Desk:Sell ZINC|30OCT26 in Commodity @ 420.50 SL 421.50 TGT 418.50

Weekly CFTC Position - Gold, Silver, & Copper: Net long positions fell across the board (Gold down 3,741; Silver down 1,874; Copper down 295). - WTI Crude: Net long positions fell by 1,017 contracts. - Brent Crude: Net long positions rose by 31,977 contracts. - Natural Gas: Net short positions fell by 11,698 contracts. -Choice Broking

Sumeet Bagadia’s Desk:Buy GOLDM|05NOV26 in Commodity @ 146885.00 SL 146448.00 TGT 147759.00

Gold Update Gold edged up as falling oil prices eased inflation and rate hike concerns, despite pressure from rising September US import prices and Middle East tensions. Investors now await the upcoming Federal Reserve policy meeting and key PCE inflation data. -Choice Broking

Natural gas Update Natural gas prices fell as persistent mild weather reduced heating and cooling demand, alongside El Niño winter concerns. Decreased Lower 48 production and lower LNG export flows further influenced the market, despite storage surpluses continuing to shrink against historical averages. -Choice Broking