Choice Commodity Research

Sumeet Bagadia’s Desk:Buy ALUMINIUM|30APR26 in Commodity @ 363.4 SL 362.4 TGT 365.40

Sumeet Bagadia’s Desk : Book Part Profit @ 152150...Buy in Commodity GOLDM|05MAY26 @ 152000 SL 151790 TGT 152420.00

Sumeet Bagadia’s Desk:Buy GOLDM|05MAY26 in Commodity @ 152000 SL 151790 TGT 152420.00

Sumeet Bagadia’s Desk : Stopped Out @ 637.8...Buy in Commodity CRUDEOIL|14MAY26 CE 8200.00 @ 666 SL 638 TGT 722.00

Natural Gas Update Natural gas prices surged as Hormuz closure disrupted LNG flows; US-Iran tensions escalated with vessel seizure and strikes, while softer Asian demand eased pressure and domestic inventories remained sufficient for summer needs. -Choice Broking

Sumeet Bagadia’s Desk:Buy CRUDEOIL|14MAY26 CE 8200.00 in Commodity @ 666 SL 638 TGT 722.00

Gold Update India’s gold festive demand stayed muted due to record prices, reducing jewellery buying, while investment demand rose; consumers shifted to coins, buying became year-round, and new import authorisations provided relief to banks and trade. -Choice Broking

Aluminium Update Chinese aluminum exports are expected to rise as buyers seek alternatives amid Persian Gulf disruptions. March exports hit 485,000 tons, up 13% month-on-month, while first-quarter exports reached 1.46 million tons. Impact: Positive for Aluminium. -Choice Broking

Copper Update Copper fell as US-Iran tensions and Hormuz disruption raised inflation and growth risks, hurting demand outlook, while supply remained tight due to mining disruptions, underinvestment, and slow project development timelines. -Choice Broking

Crude Oil Update Crude Oil prices surged more than 5% as Hormuz tensions escalated after Iran reversed reopening plans; vessel seizure and conflict fears intensified supply shock concerns, boosting inflation risks and global slowdown worries. -Choice Broking

Bullion Update Bullion prices fell as Hormuz tensions lifted oil and inflation fears; conflict-driven rate hike expectations pressured metals, while weak deal prospects and prolonged supply shocks kept sentiment subdued. -Choice Broking

Zinc Update Zinc futures prices trading steady to slightly bullish amid tight near-term supply and falling inventories, though expected mine restarts may create modestly oversupplied., while steady demand growth and Middle East risks influence sentiment. -Choice Broking

China 1-y Loan Prime Rate Actual: 3.00% Expected: 3.00% Previous: 3.00% China 5-y Loan Prime Rate Actual: 3.50% Expected: 3.50% Previous: 3.50% Neutral for base metal.

Rupee Update The Indian rupee rebounded from its record low, supported by RBI measures curbing arbitrage and dollar demand, while markets remain cautious amid uncertain and volatile Middle East geopolitical developments. -Choice Broking

Sumeet Bagadia’s Desk:Sell SILVERMIC|30APR26 in Commodity @ 253720 SL 255800 TGT 249560.00

Sumeet Bagadia’s Desk : Stopped Out @ 4944...Sell in Commodity ELECDMBL|29APR26 @ 4864 SL 4941 TGT 4710.00

MCX Crude Oil opened Gap up with UC with +6%