Choice Commodity Research

Daily LME Stock Update London Metal Exchange stocks fell: lead down 425 tonnes, tin down 140 tonnes, zinc down 850 tonnes, copper down 6,750 tonnes, nickel down 1,512 tonnes, aluminium down 1,500 tonnes. Impact: Positive for Copper & Aluminium. -Choice Broking

Sumeet Bagadia’s Desk : Target Achieved @ 344.10...Buy in Commodity ALUMINIUM|31JUL26 @ 342.95 SL 342.40 TGT 344.05

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|28JUL26

Sumeet Bagadia’s Desk : Book Part Profit @ 343.50...Buy in Commodity ALUMINIUM|31JUL26 @ 342.95 SL 342.40 TGT 344.05

Sumeet Bagadia’s Desk : Book Part Profit @ 279.30...Buy in Commodity NATURALGAS|28JUL26 @ 278.00 SL 276.40 TGT 281.20

Sumeet Bagadia’s Desk:Buy ALUMINIUM|31JUL26 in Commodity @ 342.95 SL 342.40 TGT 344.05

Sumeet Bagadia’s Desk:Buy SILVERMIC|31AUG26 in Commodity @ 228603.00 SL 226356.00 TGT 233097.00

News Update The US plans to impose steep tariffs on imported generic drugs, keeping rates at 0% for two years from August 2026 before raising them to 100% in 2028 and 200% thereafter, under President Trump's proposal. -Choice Broking.

Copper Update Copper prices gained as strong Chinese demand, nine-month high refined copper imports, smelter maintenance, and sharply declining Shanghai inventories reinforced supply concerns, supporting bullish sentiment despite broader market uncertainty. -Choice Broking

Sumeet Bagadia’s Desk:Buy NATURALGAS|28JUL26 in Commodity @ 278.00 SL 276.40 TGT 281.20

Rupee Update The Indian rupee fell as rising oil prices and higher U.S. Treasury yields, driven by renewed US-Iran tensions, outweighed support from the RBI's recent measures to strengthen the currency. -Choice Broking

Crude Oil Update Saudi Arabia exported record crude volumes through Red Sea terminals before Yemen's Houthis announced a blockade, threatening the kingdom's key alternative export route and raising fresh concerns over global oil supply security. -Choice Broking

Global Market Heatmap Global markets were mixed, with European and Japanese equities posting modest gains while US indices traded slightly lower. Crude oil extended its rally, with WTI above $85/bbl and Brent near $92/bbl, while natural gas also advanced. Precious metals strengthened as gold rose to around $4,133/oz, silver gained above $60/oz, and platinum and palladium recorded solid gains. Copper edged lower despite the broader strength in metals, while the US Dollar Index eased slightly and Treasury yields remained largely stable.

Sumeet Bagadia’s Desk : Exit @ 3.25...Buy in Commodity NATURALGAS|24JUL26 PE 270.00 @ 3.05 SL 2.00 TGT 5.15

Sumeet Bagadia’s Desk : Book Profit @ 1514.00...Buy in Commodity GOLDM|29JUL26 CE 143000.00 @ 1410.50 SL 1200.00 TGT 1831.50

Sumeet Bagadia’s Desk:Buy GOLDM|29JUL26 CE 143000.00 in Commodity @ 1410.50 SL 1200.00 TGT 1831.50

Sumeet Bagadia’s Desk : Book Full Profit @ 342.90...Sell in Commodity ALUMINIUM|31JUL26 @ 343.55 SL 344.20 TGT 342.25

Sumeet Bagadia’s Desk : Book Part Profit @ 343.05...Sell in Commodity ALUMINIUM|31JUL26 @ 343.55 SL 344.20 TGT 342.25