Choice Commodity Research

*US Flash Manufacturing PMI* Actual : 56.0 Forecast: 55.4 Prev.: 55.9 Impact : Positive for Base metal *US Flash Services PMI* Actual : 57.9 Forecast: 57.9 Prev.: 58.8 Impact : Neutral for Bullion *US Revised UoM Consumer Sentiment* Actual : 48.0 Forecast: 46.3 Prev.: 46.3 Impact : Negative for Bullion

Sumeet Bagadia’s Desk : Book Profit @ 141225.00...Buy in Commodity GOLDM|05NOV26 @ 141119.00 SL 140687.00 TGT 141983.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|27OCT26

Sumeet Bagadia’s Desk : Book Part Profit @ 254.50...Sell in Commodity NATURALGAS|27OCT26 @ 258.60 SL 263.20 TGT 249.40

Aluminium Update Emirates Global Aluminium has restarted half of the 1,262 production cells at its Al Taweelah smelter in Abu Dhabi, recovering from a March emergency shutdown. Work continues across all three lines, with full production expected in Q1 2027. Negative for aluminium prices. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 509.50...Buy in Commodity CRUDEOIL|17NOV26 PE 9500.00 @ 540.20 SL 509.90 TGT 600.80

Sumeet Bagadia’s Desk:Buy GOLDM|05NOV26 in Commodity @ 141119.00 SL 140687.00 TGT 141983.00

Sumeet Bagadia’s Desk : Target Achieved @ 0.05...Sell in Commodity NATURALGAS|23OCT26 CE 280.00 @ 6.40 SL 9.40 TGT 0.05

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17NOV26 PE 9500.00 in Commodity @ 540.20 SL 509.90 TGT 600.80

Sumeet Bagadia’s Desk : Book Profit @ 9561.00...Sell in Commodity CRUDEOIL|19NOV26 @ 9573.00 SL 9606.00 TGT 9507.00

Sumeet Bagadia’s Desk:Sell CRUDEOIL|19NOV26 in Commodity @ 9573.00 SL 9606.00 TGT 9507.00

Silver Update Silver prices plummeted as high energy prices near $110 Brent rekindled rate-hike concerns. Dual pressures from rising interest rates and slowing industrial demand pushed the gold/silver ratio to 74.51, highlighting silver's sharp relative decline. -Choice Broking

Daily LME Stock Update LME inventories: copper rose 800 tonnes; aluminium fell 225 tonnes; zinc fell 50 tonnes; nickel unchanged; lead fell 1800 tonnes. -Choice Broking

Sumeet Bagadia’s Desk:Sell NATURALGAS|27OCT26 in Commodity @ 258.60 SL 263.20 TGT 249.40

Gold Update Gold prices declined due to lower-than-expected U.S. jobless claims and a hawkish Federal Reserve targeting persistent inflation. Despite ongoing war, high interest rates and labor market strength remain the dominant drivers pressuring gold lower. -Choice Broking

India S&P Global Services PMI (Oct) Actual: 56.2 Previous: 55.2 India S&P Global Manufacturing PMI (Oct) Actual: 54.9 Previous: 55.1 India Manufacturing & Services PMI (Oct) Actual: 56.70 Previous: 55.90 Moderately Bullish for the Rupee -Choice Broking

Crude Oil Update Crude oil surged due to Middle East supply risks. Houthi strikes hit Saudi oil infrastructure, while US-Israeli attack plans targeting Iranian energy further heightened market tensions. Meanwhile, Ukraine escalated attacks on Russian oil refineries. -Choice Broking

Rupee Update The Indian rupee hovered near 94.8 per dollar as rising Brent crude prices, nearing $115, and safe-haven demand weighed on sentiment. RBI measures offered relief, but oil costs and capital outflows limited further gains. -Choice Broking

Dollar Index Update The US dollar index hovered near a three-week low around 101.6 as falling Treasury yields pressured the currency. A tech stock selloff sparked safe-haven demand for bonds and heightened doubts over AI investment sustainability, reducing market expectations for Fed rate hikes. -Choice Broking