Choice Commodity Research

Weekly CFTC Commitments of Traders : WTI Crude: Speculative net longs rose 8,952 to 148,467 contracts. Natural Gas: Speculative net shorts fell 27,105 to 27,158 contracts across major NYMEX/ICE contracts. Gold (COMEX): Speculative net longs fell 5,727 to 131,334 contracts. Silver (COMEX): Speculative net longs rose 385 to 13,016 contracts. Copper (COMEX): Speculative net longs rose 17,108 to 82,649 contracts. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERMIC|30NOV26 in Commodity @ 230891.00 SL 228955.00 TGT 234763.00

Rupee Update The Indian rupee weakened to around 95.9 per dollar, continuing its drop as stalled US-Iran talks drove Brent crude up 2.5% to $107 a barrel. A firmer greenback and 10-year US Treasury yields touching a near 20-year high of 5.2% intensified pressure on the currency. -Choice Broking

Sumeet Bagadia’s Desk:Buy ALUMINIUM|30OCT26 in Commodity @ 346.25 SL 345.50 TGT 347.75

Sumeet Bagadia’s Desk:Buy CRUDEOILM|15OCT26 CE 9100.00 in Commodity @ 468.50 SL 397.10 TGT 611.30

Dollar Update The dollar index held near two-month highs as rising oil prices and hawkish Fed commentary fueled expectations of further interest rate hikes. Tensions escalated after Trump rejected Iran's Strait of Hormuz proposal, while investors await key US inflation and employment data. -Choice Broking

Global Update The US and China agreed to cut tariffs on $30 billion worth of each other's imported goods, covering items like US consumer products and Chinese agricultural, medical, and energy exports. Detailed product lists will be published jointly. -Choice Broking

Global Market Snapshot Global markets were broadly weaker, with the S&P 500, Nasdaq 100 and Dow Jones falling 0.36%, 0.65% and 0.35%, respectively, while the Nikkei 225 declined 0.59%. European equities were firmer, with the Euro Stoxx 50 and DAX gaining 0.41% and 0.34%. In Energy, crude oil prices rose nearly 2%, while natural gas declined sharply. In commodities, Gold fell 1.98% to $4,235.60/oz and silver dropped 3.86% to $62.30/oz, while copper declined 1.57%. The dollar index strengthened to 100.84.

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in SILVERMIC|30NOV26

Sumeet Bagadia’s Desk : Target Achieved @ 307.20...Sell in Commodity NATURALGAS|27OCT26 @ 310.20 SL 311.70 TGT 307.20

Sumeet Bagadia’s Desk : Book Profit @ 423.00...Sell in Commodity ZINC|30OCT26 @ 423.85 SL 424.50 TGT 422.55

Sumeet Bagadia’s Desk:Sell ZINC|30OCT26 in Commodity @ 423.85 SL 424.50 TGT 422.55

Sumeet Bagadia’s Desk : Book Part Profit @ 235400.00...Sell in Commodity SILVERMIC|30NOV26 @ 236406.00 SL 237800.00 TGT 233618.00

*US Revised UoM Consumer Sentiment* Actual : 48.1 Forecast : 47.4 Prev.: 47.8 Impact: Negative for Bullion *US Revised UoM Inflation Expectations* Actual : 4.6% Prev.: 4.6% Impact : Neutral for Bullion

Sumeet Bagadia’s Desk:Sell SILVERMIC|30NOV26 in Commodity @ 236406.00 SL 237800.00 TGT 233618.00

Sumeet Bagadia’s Desk : Book Part Profit @ 309.10...Sell in Commodity NATURALGAS|27OCT26 @ 310.20 SL 311.70 TGT 307.20

Sumeet Bagadia’s Desk:Sell NATURALGAS|27OCT26 in Commodity @ 310.20 SL 311.70 TGT 307.20