Choice Commodity Research

Crude Oil Update Iraq is offering discounted May-loading crude, but escalating tensions in the Strait of Hormuz pose risks for buyers, as tanker movements face security threats despite attractive pricing incentives. -Choice Broking

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

Sumeet Bagadia’s Desk : Target Achieved @ 372.8...Buy in Commodity ALUMINIUM|29MAY26 @ 371.1 SL 370.3 TGT 372.70

Sumeet Bagadia’s Desk : Book Part Profit @ 1284.7...Buy in Commodity COPPER|29MAY26 @ 1283.3 SL 1281.5 TGT 1286.90

Sumeet Bagadia’s Desk:Buy COPPER|29MAY26 in Commodity @ 1283.3 SL 1281.5 TGT 1286.90

Sumeet Bagadia’s Desk : Book Part Profit @ 372.05...Buy in Commodity ALUMINIUM|29MAY26 @ 371.1 SL 370.3 TGT 372.70

Sumeet Bagadia’s Desk:Buy ALUMINIUM|29MAY26 in Commodity @ 371.1 SL 370.3 TGT 372.70

Sumeet Bagadia’s Desk : Exit @ 248640...Sell in Commodity SILVERMIC|30JUN26 @ 247388 SL 249000 TGT 244164.00

Iran could strike Europe as it had struck Arab countries if European bases were used by the United States. -Choice Broking

Bullion Update The Reserve Bank of India bring back 104 tonnes of gold from London to domestic vaults, signaling a strategic shift to strengthen reserve control and reduce reliance on overseas custodians amid global uncertainty. Impact: slightly positive for gold. -Choice Broking

Sumeet Bagadia’s Desk:Sell SILVERMIC|30JUN26 in Commodity @ 247388 SL 249000 TGT 244164.00

Sumeet Bagadia’s Desk : Exit @ 343.55...Buy in Commodity ZINC|29MAY26 @ 343.2 SL 342.2 TGT 345.20

Sumeet Bagadia’s Desk : Stopped Out @ 590...Buy in Commodity CRUDEOIL|14MAY26 PE 9900.00 @ 614.4 SL 590 TGT 663.20

Crude Oil Update Crude oil futures hold firm as Middle East tensions intensified sharply as markets assessed Iranian attacks and a UAE port fire. US efforts to reopen the Strait of Hormuz and escorted vessels reduced immediate supply concerns despite ongoing geopolitical tensions. -Choice Broking

Bullion Update Gold prices trading steadied as markets digest “war trade.” Rising yields, dollar strength, and rising crude prices-led inflation fears reduce rate-cut expectations, while escalating US–Iran clashes in the Strait of Hormuz heighten geopolitical uncertainty. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 3078.5...Buy in Commodity GOLDM|29MAY26 PE 149000.00 @ 3224 SL 3090 TGT 3492.00

Copper Update Copper futures steadied amid US–Iran tensions and Hormuz risks. Demand concerns persist as energy shocks may tighten policy, while elevated LME inventories near multi-year highs continue to weigh on prices. -Choice Broking

Natural Gas Update Natural gas futures firm as US–Iran clashes escalate in the Strait of Hormuz, involving the UAE. Attacks, interceptions, and supply disruptions have effectively shut the route, cutting LNG flows and pushing European gas prices higher. -Choice Broking

Sumeet Bagadia’s Desk:Buy ZINC|29MAY26 in Commodity @ 343.2 SL 342.2 TGT 345.20

Sumeet Bagadia’s Desk:Buy CRUDEOIL|14MAY26 PE 9900.00 in Commodity @ 614.4 SL 590 TGT 663.20