Choice Commodity Research

Crude Oil Update Crude futures fell after Marco Rubio confirmed operations ended and Trump paused Hormuz escorts, while the US blockade on Iranian ports stayed and faced pressure amid stalled negotiations. -Choice Broking.

Bullion Update Bullion rose as Middle East de-escalation eased oil and inflation fears. US officials said offensive operations ended, shipping security efforts paused, and Iran-port blockades remained amid hopes for a deal. -Choice Broking.

Sumeet Bagadia’s Desk:Sell CRUDEOILM|18MAY26 in Commodity @ 9549 SL 9650 TGT 9347.00

Rupee Update Bloomberg News reported that the central bank is weighing a plan for state-owned lenders to sell foreign-currency bonds. Impact: positive for currency. -Choice Broking.

Copper Update Copper futures prices rose as easing energy prices and China’s post-holiday buying lifted sentiment. Expansionary PMI data, Beijing support measures, Chile supply risks, and booming data-center demand also strengthened outlook further. -Choice Broking.

Natural gas Update Natural gas prices fell as Middle East tensions eased, US peace signals emerged, domestic supply rose, exports declined, and storage stayed 7% above average despite expected summer cooling demand ahead. -Choice Broking.

MCX silver open gap up by +2.5% Crude oil -1% down

Global Commodity Heatmap Global markets show a risk-on tone, with major equity indices broadly higher, led by gains in the Nasdaq and Nikkei. Energy prices are under pressure, with crude and fuels declining, while natural gas remains weak. In commodities, metals are strong, with gold, silver, copper, and palladium posting solid gains. Softs commodities are mixed, as cocoa rallies while orange juice declines. Grains are mostly weaker, led by corn and wheat, though soy complex is slightly positive. Livestock markets are firm, while the dollar index edges lower.

*US Trade Balance* Actual : -60.3B Forecast : -61.0B Prev.: -57.8B

*US ISM Services PMI* Actual : 53.6 Forecast: 53.7 Prev.: 54.0 Impact : Positive for Bullion *US JOLTS Job Openings* Actual: 6.87M Forecast: 6.86M Prev.: 6.88M Impact: Negative or neutral for Bullion *US New Home Sales* Actual : 682K Forecast : 652K Impact : Negative for Bullions

*US Final Services PMI* Actual : 51.0 Forecast: 51.3 Prev.: 51.3 Impact : Positive for Bullion

Rupee Update India’s central bank is considering a plan for state-owned banks to issue foreign-currency bonds to attract capital inflows and support the weakening rupee amid rising external pressures. Impact: Positive for currency. -Choice Broking.

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in COPPER|29MAY26

Sumeet Bagadia’s Desk : Stopped Out @ 9.8...Buy in Commodity NATURALGAS|22MAY26 PE 265.00 @ 10.65 SL 9.8 TGT 12.35

Copper Update Latest CFTC Commitment of Traders data shows copper net long positions at 63,281 contracts, rising by 4,077 to a four-month high, indicating stronger bullish sentiment among speculators and hedge funds. Impact: Positive for copper. -Choice Broking.

Geopolitical Update Abu Dhabi's state-owned Adnoc has set its May sulphur official selling price (OSP) for the Indian subcontinent at $760/t fob Ruwais, up by $160/t from its April OSP. Impact: Positive for copper. -Choice Broking