Choice Commodity Research

Crude Oil Update WTI Crude oil prices near $102 after touching a four-month high of $105, supported by supply concerns. Saudi Arabia’s East-West pipeline shutdown and reduced Hormuz vessel traffic tightened supplies, while uncertainty over Ukraine-Russia halted energy strikes and postponed Iran-Gulf talks added volatility. -Choice Broking

Sumeet Bagadia’s Desk:Buy COPPER|23SEP26 PE 1350.00 in Commodity @ 13.19 SL 11.92 TGT 15.73

Rupee Update The Indian rupee fell near seven-week lows to around 95.8 per dollar, pressured by surging oil prices above $107, elevated 10-year US Treasury yields at 5%, and expected Fed rate hikes. Consequently, India’s August inflation climbed to a eight-month high of 4.82%. -Choice Broking

*Crude oil resumed gapped up by +1.25%, Electricity by +1%*

China New Home Prices m/m Actual: -0.17% Previous: -0.18% Negative for Base metal. China Fixed Asset Investment ytd/y Actual: -7.2% Expected: -7.1% Previous: -6.7% Negative for Base metal. China Industrial Production y/y Actual: 5.2% Expected: 4.8% Previous: 4.5% Positive for Base metal. China Retail Sales y/y Actual: 0.4% Expected: 0.7% Previous: 0.6% Negative for Base metal. China Unemployment Rate Actual: 5.3% Expected: 5.2% Previous: 5.2% Negative for Base metal.

Global Market Heatmap Global markets were mixed, with US equities largely subdued while the Nikkei 225 gained 1.16%, and European indices posted modest gains. In Energy, Crude oil strengthened sharply, with WTI and Brent rising around 1.6%, while natural gas declined. In metals, gold edged higher to $4,355.50, while silver, platinum and palladium weakened; copper and aluminium remained broadly stable. The US dollar firmed, while the yen came under pressure, and Treasury yields moved lower across maturities, indicating a softer bond-yield environment.

*U.S. 10 -year Treasury yield hits 5% for first time since 2023* The 10-year US Treasury yield hit 5 per cent for the first time since 2023, as surging oil prices battered government bonds across the world. Negative for bullion.

*Geopolitical Update* Trump says Russia has also agreed to stop strikes on Ukraine's energy targets. -Choice Broking

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in GOLDM|25SEP26 PE 150000.00

Sumeet Bagadia’s Desk : Book Full Profit @ 21.32...Buy in Commodity COPPER|23SEP26 PE 1360.00 @ 19.50 SL 17.90 TGT 22.70

Sumeet Bagadia’s Desk : Book Part Profit @ 2688.00...Buy in Commodity GOLDM|25SEP26 PE 150000.00 @ 2473.50 SL 2210.00 TGT 3000.50

Sumeet Bagadia’s Desk:Buy GOLDM|25SEP26 PE 150000.00 in Commodity @ 2473.50 SL 2210.00 TGT 3000.50

Sumeet Bagadia’s Desk : Book Part Profit @ 20.64...Buy in Commodity COPPER|23SEP26 PE 1360.00 @ 19.50 SL 17.90 TGT 22.70

Sumeet Bagadia’s Desk:Buy COPPER|23SEP26 PE 1360.00 in Commodity @ 19.50 SL 17.90 TGT 22.70

Sumeet Bagadia’s Desk : Book Profit @ 7430.00...Buy in Commodity ELECDMBL|29SEP26 @ 7409.00 SL 7350.00 TGT 7527.00

Sumeet Bagadia’s Desk : Stopped Out @ 209.70...Buy in Commodity CRUDEOIL|17SEP26 CE 10000.00 @ 235.00 SL 210.00 TGT 285.00

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17SEP26 CE 10000.00 in Commodity @ 235.00 SL 210.00 TGT 285.00