Choice Commodity Research

India Trade Balance (Aug) Actual: -26.86B Previous: -31.98B The narrowing of the merchandise trade deficit remain supportive for rupee.

Daily LME Stock Update Stocks on the London Metal Exchange (LME): zinc +1,675 tonnes, copper +6,325 tonnes, tin -230 tonnes, aluminium -250 tonnes, nickel +4,248 tonnes, lead +1,325 tonnes. Negative for Zinc & Copper. -Choice Broking.

Sumeet Bagadia’s Desk : Target Achieved @ 18.00...Buy in Commodity COPPER|23SEP26 PE 1350.00 @ 13.91 SL 11.90 TGT 17.93

Sumeet Bagadia’s Desk : Stopped Out @ 167.50...Buy in Commodity CRUDEOIL|17SEP26 PE 9800.00 @ 187.50 SL 167.50 TGT 227.50

Rupee Update The RBI’s scheduled ₹1 trillion bond sales—including ₹500 billion on September 16, followed by two ₹250 billion tranches on September 21 and 28—aim to absorb excess banking liquidity from its $127 billion forex swap scheme. Impact : Positive for Rupee. -Choice Broking

Sumeet Bagadia’s Desk : Exit @ 233104.00...Sell in Commodity SILVERMIC|30NOV26 @ 233414.00 SL 235602.00 TGT 229038.00

Sumeet Bagadia’s Desk : Book Part Profit @ 15.95...Buy in Commodity COPPER|23SEP26 PE 1350.00 @ 13.91 SL 11.90 TGT 17.93

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17SEP26 PE 9800.00 in Commodity @ 187.50 SL 167.50 TGT 227.50

Sumeet Bagadia’s Desk:Buy COPPER|23SEP26 PE 1350.00 in Commodity @ 13.91 SL 11.90 TGT 17.93

Sumeet Bagadia’s Desk : Exit @ 197.90...Buy in Commodity CRUDEOIL|17SEP26 CE 10000.00 @ 195.70 SL 159.70 TGT 267.70

Sumeet Bagadia’s Desk:Buy NATURALGAS|23SEP26 CE 280.00 in Commodity @ 6.70 SL 5.40 TGT 9.30

Sumeet Bagadia’s Desk : Stopped Out @ 11.73...Buy in Commodity COPPER|23SEP26 PE 1350.00 @ 13.19 SL 11.92 TGT 15.73

US 10Y Bond Yield Hits 19-year High. Negative for bullion. -Choice Broking

Sumeet Bagadia’s Desk:Sell SILVERMIC|30NOV26 in Commodity @ 233414.00 SL 235602.00 TGT 229038.00

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17SEP26 CE 10000.00 in Commodity @ 195.70 SL 159.70 TGT 267.70

Weekly CFTC Data Speculative Position WTI Crude: Speculators raised net-longs by 21,153 contracts to 140,046. Gold: Net-longs fell by 1,263 contracts to 139,548. Silver: Net-longs rose by 2,006 contracts to 14,176. Copper: Net-longs increased by 9,016 contracts to 82,017. -Choice Broking

Copper Update Copper prices fell as fresh LME warehouse inflows eased supply concerns. Prices retreated from record highs amid tariff uncertainty and expected Fed rate hikes, while mixed Chinese economic data highlighted persistent demand weakness. -Choice Broking

Crude Oil Update WTI Crude oil prices near $102 after touching a four-month high of $105, supported by supply concerns. Saudi Arabia’s East-West pipeline shutdown and reduced Hormuz vessel traffic tightened supplies, while uncertainty over Ukraine-Russia halted energy strikes and postponed Iran-Gulf talks added volatility. -Choice Broking

Sumeet Bagadia’s Desk:Buy COPPER|23SEP26 PE 1350.00 in Commodity @ 13.19 SL 11.92 TGT 15.73