Choice Commodity Research

Weekly CFTC Positioning Crude Oil: WTI net longs rose by 15,816 contracts to 118,894. Natural Gas: Net shorts increased by 11,098 contracts to 50,697. Gold: COMEX net longs declined by 10,504 contracts to 140,811. Silver: Net longs fell by 1,065 contracts to 12,170. Copper: Net longs dropped by 3,445 contracts to 73,000. Impact: Bullish for crude Oil, Bearish for NG, Bullion & Copper. -Choice Broking

*Crude Oil Update* The United Arab Emirates will not allow its energy exports to be held hostage in the Strait of Hormuz, UAE presidential said. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 6902.00...Sell in Commodity GUARSEED10|16OCT26 @ 6874.00 SL 6902.00 TGT 6818.00

Sumeet Bagadia’s Desk : Stopped Out @ 211.20...Buy in Commodity CRUDEOILM|17SEP26 CE 8800.00 @ 263.10 SL 211.50 TGT 366.30

Daily LME Stock Update London Metal Exchange stocks: aluminium unchanged; zinc up 925 tonnes; lead down 3,525 tonnes; nickel down 24 tonnes; copper up 2,300 tonnes. Impact: Negative for copper. -choice Broking

Crude Oil Update Iran says talks with Oman over the Strait of Hormuz have entered their final stage. Negative for crude oil. -Choice Broking

Crude Oil Update OPEC+ is expected to keep October oil output policy unchanged, as members must first agree on new quotas and 2027 production baselines. Capacity reviews may occur later in 2026, potentially delaying further production increases into the fourth quarter. -Choice Broking

Sumeet Bagadia’s Desk : Book Profit @ 419.60...Buy in Commodity ZINC|30SEP26 @ 419.10 SL 418.30 TGT 420.70

Sumeet Bagadia’s Desk:Sell GUARSEED10|16OCT26 in Commodity @ 6874.00 SL 6902.00 TGT 6818.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|25SEP26 in Commodity @ 278.80 SL 276.80 TGT 282.80

Geopolitical Update Following the latest U.S. jobs report and rising trade deficits, President Trump threatened potential embargoes on trading partners. Posting on Truth Social, he urged the Federal Reserve to lower interest rates or face halts in trade with deficit-causing nations. -Choice Broking

Sumeet Bagadia’s Desk:Buy ZINC|30SEP26 in Commodity @ 419.10 SL 418.30 TGT 420.70

Sumeet Bagadia’s Desk : Exit @ 10.40...Buy in Commodity NATURALGAS|23SEP26 CE 280.00 @ 10.00 SL 8.40 TGT 13.20

Sumeet Bagadia’s Desk : Target Achieved @ 348.65...Buy in Commodity ALUMINIUM|30SEP26 @ 347.40 SL 346.80 TGT 348.60

Sumeet Bagadia’s Desk:Buy SILVERMIC|30NOV26 in Commodity @ 239584.00 SL 237778.00 TGT 243196.00

Sumeet Bagadia’s Desk : Book Part Profit @ 348.00...Buy in Commodity ALUMINIUM|30SEP26 @ 347.40 SL 346.80 TGT 348.60

Sumeet Bagadia’s Desk:Buy ALUMINIUM|30SEP26 in Commodity @ 347.40 SL 346.80 TGT 348.60

Sumeet Bagadia’s Desk:Buy CRUDEOILM|17SEP26 CE 8800.00 in Commodity @ 263.10 SL 211.50 TGT 366.30

Sumeet Bagadia’s Desk:Buy NATURALGAS|23SEP26 CE 280.00 in Commodity @ 10.00 SL 8.40 TGT 13.20

Copper Update Copper futures slipped as strong US jobs data boosted Fed rate-hike bets, denting demand outlook. However, prices may cap downside limited as tight supply—Congo's export ban, weak Chile/Peru output, and El Nino disruptions while tariff uncertainty pushed Comex inventories to record levels. -Choice Broking