Choice Commodity Research

Natural gas Update Natural gas prices fell as Middle East tensions eased, US peace signals emerged, domestic supply rose, exports declined, and storage stayed 7% above average despite expected summer cooling demand ahead. -Choice Broking.

MCX silver open gap up by +2.5% Crude oil -1% down

Global Commodity Heatmap Global markets show a risk-on tone, with major equity indices broadly higher, led by gains in the Nasdaq and Nikkei. Energy prices are under pressure, with crude and fuels declining, while natural gas remains weak. In commodities, metals are strong, with gold, silver, copper, and palladium posting solid gains. Softs commodities are mixed, as cocoa rallies while orange juice declines. Grains are mostly weaker, led by corn and wheat, though soy complex is slightly positive. Livestock markets are firm, while the dollar index edges lower.

*US Trade Balance* Actual : -60.3B Forecast : -61.0B Prev.: -57.8B

*US ISM Services PMI* Actual : 53.6 Forecast: 53.7 Prev.: 54.0 Impact : Positive for Bullion *US JOLTS Job Openings* Actual: 6.87M Forecast: 6.86M Prev.: 6.88M Impact: Negative or neutral for Bullion *US New Home Sales* Actual : 682K Forecast : 652K Impact : Negative for Bullions

*US Final Services PMI* Actual : 51.0 Forecast: 51.3 Prev.: 51.3 Impact : Positive for Bullion

Rupee Update India’s central bank is considering a plan for state-owned banks to issue foreign-currency bonds to attract capital inflows and support the weakening rupee amid rising external pressures. Impact: Positive for currency. -Choice Broking.

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in COPPER|29MAY26

Sumeet Bagadia’s Desk : Stopped Out @ 9.8...Buy in Commodity NATURALGAS|22MAY26 PE 265.00 @ 10.65 SL 9.8 TGT 12.35

Copper Update Latest CFTC Commitment of Traders data shows copper net long positions at 63,281 contracts, rising by 4,077 to a four-month high, indicating stronger bullish sentiment among speculators and hedge funds. Impact: Positive for copper. -Choice Broking.

Geopolitical Update Abu Dhabi's state-owned Adnoc has set its May sulphur official selling price (OSP) for the Indian subcontinent at $760/t fob Ruwais, up by $160/t from its April OSP. Impact: Positive for copper. -Choice Broking

Crude Oil Update Iraq is offering discounted May-loading crude, but escalating tensions in the Strait of Hormuz pose risks for buyers, as tanker movements face security threats despite attractive pricing incentives. -Choice Broking

Sumeet Bagadia’s Desk:Buy NATURALGAS|22MAY26 PE 265.00 in Commodity @ 10.65 SL 9.8 TGT 12.35

Sumeet Bagadia’s Desk : Target Achieved @ 372.8...Buy in Commodity ALUMINIUM|29MAY26 @ 371.1 SL 370.3 TGT 372.70

Sumeet Bagadia’s Desk : Book Part Profit @ 1284.7...Buy in Commodity COPPER|29MAY26 @ 1283.3 SL 1281.5 TGT 1286.90

Sumeet Bagadia’s Desk:Buy COPPER|29MAY26 in Commodity @ 1283.3 SL 1281.5 TGT 1286.90

Sumeet Bagadia’s Desk : Book Part Profit @ 372.05...Buy in Commodity ALUMINIUM|29MAY26 @ 371.1 SL 370.3 TGT 372.70