Choice Commodity Research

Crude Oil Update Crude oil hovered above $86 a barrel, heading for a second weekly gain of about 5%, supported by US pressure on Iran, Middle East supply disruptions and Russian energy outages caused by Ukrainian attacks on refineries and ports. -Choice Broking

*Sumeet Bagadia's Desk: Book Part Profit in SILVERM strategy* Approx. Profit of Rs. 1222 at cmp

Sumeet Bagadia’s Desk : Exit @ 396.60...Buy in Commodity CRUDEOIL|17SEP26 CE 8400.00 @ 393.50 SL 356.60 TGT 467.30

Crude Oil Update Iraq's prime minister announced plans to boost national oil exports by expanding routes through Turkey's Ceyhan port and opening new channels via Baniyas and Aqaba. Additionally, Iraq aims to scale crude production to 8-10 million bpd within six years. Impact: Negative for Crude Oil. -Choice Broking

Sumeet Bagadia’s Desk : Book Profit @ 2.50...Buy in Commodity NATURALGAS|24AUG26 CE 270.00 @ 2.00 SL 1.00 TGT 4.00

Daily LME Stock Update LME: nickel stocks +294 tonnes, zinc -1,275 tonnes, lead -250 tonnes, copper -1,350 tonnes, aluminium unchanged. Impact: Positive for Basemetal. -Choice Broking

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17SEP26 CE 8400.00 in Commodity @ 393.50 SL 356.60 TGT 467.30

Option Strategy: Short Call Condor | SILVERM

Sumeet Bagadia’s Desk : Book Part Profit @ 347.40...Buy in Commodity ALUMINIUM|31AUG26 @ 346.75 SL 345.95 TGT 348.35

Sumeet Bagadia’s Desk:Buy NATURALGAS|24AUG26 CE 270.00 in Commodity @ 2.00 SL 1.00 TGT 4.00

Copper Update Copper prices rose as tight physical supply and continued outflows—driven by metal diversion to the US ahead of anticipated tariffs—underpinned the market. Chile expects lower output, though rising LME warehouse deliveries and a weaker dollar supported prices amid inflation concerns. -Choice Broking

Sumeet Bagadia’s Desk : Target Achieved @ 4540.00...Buy in Commodity ELECDMBL|28AUG26 @ 4459.00 SL 4420.00 TGT 4537.00

Lead Update The global refined lead market logged a 21,300 mt supply deficit in June 2026, as monthly consumption (1.1559 million mt) outpaced production. This widened the cumulative first-half deficit to 190,600 mt. Impact: Positive for Lead. -Choice Broking

India S&P Global Services PMI (Aug) Actual: 54.5 Expected: 53.8 Previous: 53.3 India Manufacturing Expands Least in 5 Years India S&P Global Manufacturing PMI (Aug) Actual: 52.9 Expected: 54.0 Previous: 53.5 India Composite PMI Rises from Over 4-Year Low India Manufacturing & Services PMI (Aug) Actual: 54.60 Expected: 54.40 Previous: 54.30 Neutral For Rupee. -Choice Broking

Natural Gas Update A European Commission spokesperson said there is no immediate concern over EU natural gas supply; storage levels stand at 62%. Impact: Negative for Natural gas. -Choice Broking

Silver Update China's July 2026 silver ingot exports dropped 25.6% month-on-month to 350.6 tonnes, bringing year-to-date exports down 2.9%. Conversely, silver ore and concentrate imports surged 40% yea Impact: Positive for Silver. -Choice Broking

Short Calls Condor - SILVERM,Max Profit - 7125.00| Max Loss - 2875.00.Check out details:https://finx.choiceindia.com/research-report/research/option_strategy/report

Short Calls Condor - SILVERM,Max Profit - 7125.00| Max Loss - 2875.00.Check out details:https://finx.choiceindia.com/research-report/research/option_strategy/report