Choice Commodity Research

Natural Gas Weather Update: Feb 24–March 2: Chilly Midwest and Northeast drive high demand today. The rest of the US stays mild. Comfortable conditions dominate Thu–Sat with limited freeze risk, before cooler northern temperatures return late weekend, easing demand midweek. Impact: Negative for Natural gas.

Sumeet Bagadia’s Desk:Sell SILVERMIC|30APR26 in Commodity @ 280255 SL 283310 TGT 274145.00

*Trump administration has imposed preliminary tariffs of 126% on solar imports from India.* Impact: Negative for Indian Solar Exporters -Choice Broking

*Crude Update* MCX Crude prices trading near 6025 level as markets tracking third round of US-Iran nuclear talks, with Donald Trump favoring diplomacy but warning of consequences. Supply risks around the Strait of Hormuz and a new 10% US tariff, potentially rising to 15%, kept traders cautious. -Choice Broking

Bullion Update Shanghai Gold Exchange will cut margins and price limits for gold and silver contracts. Gold margins fall to 18% from 21%, silver to 24% from 27%, while daily trading bands are also narrowed to curb volatility. Impact: Mildly supportive for bullion. -Choice Broking

Dollar Update The dollar index hovered near 97.8, supported by hawkish Federal Reserve comments favoring steady rates amid firm inflation. Markets still expect three cuts this year. A temporary 10% US tariff and upcoming US-Iran nuclear talks kept geopolitical concerns elevated. -Choice Broking

Highlights from President Donald Trump Speech * Trump stated that inflation is falling sharply. * Over 80 million barrels of Venezuelan oil have been received by the U.S. * He firmly said he will never allow Iran to develop a nuclear weapon. Impact on Commodity: Positive for Crude. -Choice Broking

*Crude Oil Update* Donald Trump said he prefers a diplomatic deal with Iran but insists it must renounce nuclear weapons. He warned Iran’s missiles threaten Europe and US bases, vowing never to allow Tehran to obtain nuclear arms. Impact: Positive for Crude. -Choice Broking

Global Update * The US implemented a temporary 10% global tariff, with intentions to increase it to 15%, following the Supreme Court's ruling against Trump's reciprocal tariffs. * The dollar index is stable around 97.8, bolstered by expectations that the Federal Reserve will maintain interest rates for a longer period. * Fed officials, including Susan Collins, affirm that steady rates are suitable due to an improving labor market and ongoing inflation risks. * Market participants are awaiting President Trump's State of the Union address for insights on fiscal policies. * Geopolitical concerns include the upcoming third round of US-Iran nuclear talks in Geneva, with indications that Iran may be willing to negotiate its uranium stockpile. * Traders are anticipating significant economic data from China, including Q4 final figures and January inflation. * Fresh tensions arose between China and Japan, as China restricted sales of dual-use items to 20 Japanese companies linked to the military. -Choice Broking

*US CB Consumer Confidence* Actual : 91.2 Forecast: 87.4 Prev.: 84.5 Impact : Negative for Bullions *US Richmond Manufacturing Index* Actual : -10 Forecast : -8 Prev.: -6 Impact : Positive for Bullions

Sumeet Bagadia’s Desk : Book Full Profit @ 23.3...Buy in Commodity NATURALGAS|24MAR26 PE 270.00 @ 21.65 SL 20 TGT 24.95

Sumeet Bagadia’s Desk : Book Full Profit @ 23.3...Buy in Commodity NATURALGAS|24MAR26 PE 270.00 @ 21.65 SL 20 TGT 24.95

Sumeet Bagadia’s Desk : Stopped Out @ 274685...Buy in Commodity SILVERMIC|30APR26 @ 277877 SL 274685 TGT 284261.00

Sumeet Bagadia’s Desk : Target Achieved @ 2515.5...Buy in Commodity GOLDM|26FEB26 PE 157000.00 @ 1809 SL 1470 TGT 2487.00

Sumeet Bagadia’s Desk : Target Achieved @ 2515.5...Buy in Commodity GOLDM|26FEB26 PE 157000.00 @ 1809 SL 1470 TGT 2487.00

Sumeet Bagadia’s Desk : Book Part Profit @ 2071...Buy in Commodity GOLDM|26FEB26 PE 157000.00 @ 1809 SL 1470 TGT 2487.00

Sumeet Bagadia’s Desk : Book Part Profit @ 2071...Buy in Commodity GOLDM|26FEB26 PE 157000.00 @ 1809 SL 1470 TGT 2487.00

Sumeet Bagadia’s Desk : Book Full Profit @ 272000...Sell in Commodity SILVERMIC|30APR26 @ 277456 SL 280501 TGT 271366

Sumeet Bagadia’s Desk : Book Full Profit @ 272000...Sell in Commodity SILVERMIC|30APR26 @ 277456 SL 280501 TGT 271366