Choice Commodity Research

Sumeet Bagadia’s Desk : Book Part Profit @ 241445...Buy in Commodity SILVERMIC|27FEB26 @ 238168 SL 234240 TGT 246024.00

USD/JPY Update The International Monetary Fund urged Japan to continue gradual interest rate hikes and avoid fiscal easing, warning that cutting the consumption tax would strain public finances and heighten fiscal risks. The Fund expects two additional rate hikes this year and another in 2027. Impact: Positive for Dollar. -Choice Broking

Copper Update Copper futures rebounded despite dollar strength ahead of Federal Reserve guidance. Gains were limited by a continued build-up in inventories, which climbed to their highest level in nearly 11 months, signaling oversupply concerns. Market participants noted that seasonal holiday slowdowns in physical buying could delay the pace of stockpile drawdowns. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERMIC|27FEB26 in Commodity @ 238168 SL 234240 TGT 246024.00

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17MAR26 CE 5700.00 in Commodity @ 252 SL 232 TGT 292.00

Crude Oil Update MCX crude oil prices trading steadied while WTI Crude hovered above $62, pausing losses as investors weighed US-Iran nuclear talks and Strait of Hormuz tensions. Markets tracked Ukraine-Russia discussions and awaited API and EIA inventory reports. -Choice Broking

Sumeet Bagadia’s Desk:Buy GOLDM|26FEB26 CE 155000.00 in Commodity @ 1630 SL 1430 TGT 2030

Dollar Update The dollar steadied before Fed minutes and key PCE, GDP data. Markets assess mixed labor and inflation signals. Officials favor holding rates steady, while US-Iran nuclear talks offered limited geopolitical relief. -Choice Broking

*silver Update* Silver prices rebounded after consecutive losses on dip-buying and positioning before Federal Reserve minutes. Rate-cut expectations supported prices, while dollar strength, easing geopolitical tensions, and Lunar New Year holidays limited safe-haven demand. -Choice Broking

Global Update * The dollar index is steadied above 97 as investors await insights from the Federal Reserve's latest policy meeting minutes concerning interest rates. * Fed Governor Michael Barr stated that rates should remain steady until there's greater confidence that inflation is approaching the 2% target. * Market attention is also on the upcoming release of the PCE Price Index and GDP data, which is anticipated to show continued economic growth. * The US is proposing a critical minerals price floor system to allies, aiming to reduce reliance on China for essential resources. * Geopolitically, US–Iran discussions regarding Iran's nuclear program have lowered the geopolitical risk premium, with a "general agreement" reached and further talks planned in Geneva. * US-mediated negotiations between Ukraine and Russia are ongoing, with potential sanctions relief and increased Russian oil supply to the market. * Japan plans to invest $36 billion in US oil, gas, and critical mineral projects as part of a larger $550 billion trade agreement with the US. * Japanese manufacturers report improved sentiment in February but cite weak domestic auto sales and stricter rare-earth export controls from China as challenges. -Choice Broking

Commodity Update Iran's Foreign Minister announced good progress in US-Iran talks, with agreements on key issues and upcoming document exchanges for a potential deal seen as a major step toward better relations. This triggered a sharp crude oil price drop, with potential pressure on gold and silver. Choice Broking

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in ZINC|27FEB26

Sumeet Bagadia’s Desk : Book Part Profit @ 318.25...Sell in Commodity ZINC|27FEB26 @ 319 SL 319.8 TGT 317.40

Silver hit LC by -4% at 233502

US Empire State Manufacturing Index Actual : 7.1 Forecast: 6.4 Prev.: 7.7 Impact : Positive for Base Metals

ADP Weekly Employment Change Actual : 10.3 Prev.: 6.5K Impact : Negative for Bullion

Sumeet Bagadia’s Desk:Sell ZINC|27FEB26 in Commodity @ 319 SL 319.8 TGT 317.40

Sumeet Bagadia’s Desk : Stopped Out @ 3190.5...Buy in Commodity GOLDM|26FEB26 CE 151000.00 @ 3539 SL 3197 TGT 4223.00

Sumeet Bagadia’s Desk:Buy GOLDM|26FEB26 CE 151000.00 in Commodity @ 3539 SL 3197 TGT 4223.00