Choice Commodity Research

USD/JPY update Japan’s Prime Minister Takaichi reportedly supports an earlier BOJ rate hike, potentially in September or October, as a weak yen fuels inflation. The government seeks coordination with the BOJ to stabilise prices and reinforce FX intervention efforts. Impact: Negative for Dollar. -Choice Broking

Copper Update Copper futures declined as high prices weakened Chinese demand, with the Yangshan premium falling to $96/ton. However, tightening mine supply, lower Codelco output expectations and potential U.S. tariffs continued to provide support and limit downside. -Choice Broking

Sumeet Bagadia’s Desk:Buy ALUMINIUM|31AUG26 in Commodity @ 349.60 SL 348.90 TGT 351.00

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17AUG26 CE 8000.00 in Commodity @ 160.80 SL 131.00 TGT 220.40

Sumeet Bagadia’s Desk:Buy NATURALGAS|24AUG26 PE 260.00 in Commodity @ 5.40 SL 4.40 TGT 7.40

Bullion Update Perth Mint’s gold sales rose 3.8% month-on-month to 30,871 ounces in July, a three-month high and 41% higher year-on-year. Silver sales surged 65.5% monthly to 486,043 ounces, up 7.5% annually. Impact: Positive for Bullion -Choice Broking

Basemetal Update The PBoC pledged timely, targeted policy support, stronger countercyclical adjustments and measures to boost domestic demand, innovation and smaller firms. It will fine-tune short-term rates through frequent reverse repos while warning against expectations of aggressive monetary easing. Impact: Midly Bullish for Basemetal. -Choice Broking

Global Market Heatmap Global markets were largely positive, with Asian and European equities gaining, while U.S. indices remained mostly steady. Crude oil prices declined, with WTI and Brent falling around 1%, while natural gas also softened. In metals, gold rose whereas silver nearly flat and copper, platinum and palladium traded lower. The U.S. dollar remained broadly stable.

Sumeet Bagadia’s Desk:Buy GOLDTEN|31AUG26 in Commodity @ 153825.00 SL 152700.00 TGT 156075.00

Sumeet Bagadia’s Desk : Stopped Out @ 238472.00...Buy in Commodity SILVERMIC|31AUG26 @ 240388.00 SL 238500.00 TGT 244164.00

Sumeet Bagadia’s Desk : Book Profit @ 192.00...Buy in Commodity CRUDEOIL|17AUG26 CE 8000.00 @ 177.80 SL 150.00 TGT 233.40

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|24AUG26 CE 270.00

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17AUG26 CE 8000.00 in Commodity @ 177.80 SL 150.00 TGT 233.40

Sumeet Bagadia’s Desk : Book Part Profit @ 8.60...Buy in Commodity NATURALGAS|24AUG26 CE 270.00 @ 7.65 SL 6.30 TGT 10.35

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in GOLDM|04SEP26

Sumeet Bagadia’s Desk : Book Part Profit @ 154161.00...Buy in Commodity GOLDM|04SEP26 @ 153912.00 SL 153570.00 TGT 154596.00

Sumeet Bagadia’s Desk:Buy GOLDM|04SEP26 in Commodity @ 153912.00 SL 153570.00 TGT 154596.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|24AUG26 CE 270.00 in Commodity @ 7.65 SL 6.30 TGT 10.35