Choice Commodity Research

SILVER prices fall by -3200pts. from its day high now the next support around 182000--181700

Cushing Crude Oil Inventories Actual: -0.457M Previous: -0.068M Impact: Negative for Crude Oil EIA Weekly Refinery Utilization Rates (WoW) Actual: 1.80% Previous: 2.3% Impact: Negative for Crude Oil

US Crude Oil Inventories Actual : 0.6M Forecast: -1.9M Prev.: 2.8M Impact : Negative for Crude Oil US Distillate Inventories Actual : 2.1M Forecast: 0.7M Prev.: 1.1M Impact : Negative for Crude Oil US Gasoline Inventories Actual : 4.5M Forecast: 1.0M Prev.: 2.5M Impact : Negative for Crude Oil

Crude oil inventory data has not been presented yet, or might some delay.

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOIL|16DEC25 PE 5350.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|23DEC25 CE 450.00

Sumeet Bagadia’s Desk : Book Part Profit @ 26.6...Buy in Commodity NATURALGAS|23DEC25 CE 450.00 @ 25 SL 23.1 TGT 28.80

US ISM Services PMI Actual : 52.6 Forecast: 52 Prev.: 52.4 Impact : Negative for Bullion

Sumeet Bagadia’s Desk:Buy NATURALGAS|23DEC25 CE 450.00 in Commodity @ 25 SL 23.1 TGT 28.80

Sumeet Bagadia’s Desk : Book Part Profit @ 141...Buy in Commodity CRUDEOIL|16DEC25 PE 5350.00 @ 128.9 SL 119 TGT 148.70

Sumeet Bagadia’s Desk : Target Achieved @ 129741...Buy in Commodity GOLDM|05JAN26 @ 129210 SL 128950 TGT 129730.00

Sumeet Bagadia’s Desk:Buy CRUDEOIL|16DEC25 PE 5350.00 in Commodity @ 128.9 SL 119 TGT 148.70

US ADP Non-Farm Employment Change Actual : -32K Forecast: 5K Prev.: 42K Impact : Positive for Bullion

Sumeet Bagadia’s Desk : Target Achieved @ 184900...Buy in Commodity SILVERM|27FEB26 @ 183900 SL 183400 TGT 184900.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|23DEC25 CE 440.00

Sumeet Bagadia’s Desk : Book Part Profit @ 184429...Buy in Commodity SILVERM|27FEB26 @ 183900 SL 183400 TGT 184900.00

Sumeet Bagadia’s Desk : Exit @ 278.2...Buy in Commodity ALUMINIUM|31DEC25 @ 277.85 SL 277 TGT 279.55

Sumeet Bagadia’s Desk:Buy SILVERM|27FEB26 in Commodity @ 183900 SL 183400 TGT 184900.00

Sumeet Bagadia’s Desk : Book Part Profit @ 31.35...Buy in Commodity NATURALGAS|23DEC25 CE 440.00 @ 29.4 SL 27.5 TGT 33.20

*Call Ratio Spread* Sumeet Bagadia’s Desk: Buy GOLDM 129,000 CE 29-Dec 1 lot @ 2957 Sell GOLDM 132,000 CE 29-Dec 2 lots @ 1728 Buy GOLDM 134,000 CE 29-Dec 1 lot @ 1195 Max loss: 6960 below 129,000 (on expiry) Max profit of 23040 at 132,000 (on expiry) Max profit of 3040 above 134,000 (on expiry) Risk-Reward: 1 : 3.30 Margin required: 199,800 Breakeven : 128,696 (Duration: 2 - 3 Week)