Choice Commodity Research

Sumeet Bagadia’s Desk : Exit @ 392.10...Buy in Commodity CRUDEOIL|17SEP26 CE 8200.00 @ 386.70 SL 366.70 TGT 426.70

Gold Update Chinese gold ETFs gained more than 6%, extending the strong rally in gold-related equities boosted investor sentiment. -Choice Broking

Option Strategy: Short Calls Condor | COPPER

Short Calls Condor - COPPER,Max Profit - 17300.00| Max Loss - 7700.00.Check out details:https://finx.choiceindia.com/research-report/research/option_strategy/report

Short Calls Condor - COPPER,Max Profit - 17300.00| Max Loss - 7700.00.Check out details:https://finx.choiceindia.com/research-report/research/option_strategy/report

Sumeet Bagadia’s Desk : Book Profit @ 4440.00...Buy in Commodity ELECDMBL|28AUG26 @ 4420.00 SL 4370.00 TGT 4520.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|24AUG26 CE 270.00 in Commodity @ 3.80 SL 2.80 TGT 5.80

News Update Market sources say the US plans to halve tariffs on Canadian steel and aluminum as part of a trade agreement. Impact: Mildly Bearish For aluminium. -Choice Broking

Crude Oil Update Trump said the US is building a record number of oil pipelines to reduce reliance on the Strait of Hormuz, as alternative supply routes expand and Washington seeks greater control, potentially reducing the waterway’s strategic importance. -Choice Broking

Bullion Update Bullion prices rose as expanded U.S. Treasury buybacks weakened the dollar and lowered yields. Concerns over record $40 trillion debt and inflation persisted, while Fed minutes showed several policymakers favored rate hikes, with markets pricing a 33% September hike probability. -Choice Broking

Sumeet Bagadia’s Desk:Buy COPPER|24AUG26 CE 1400.00 in Commodity @ 3.43 SL 2.49 TGT 5.31

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17SEP26 CE 8200.00 in Commodity @ 386.70 SL 366.70 TGT 426.70

Rupee Update The rupee strengthened to around 95.63 per dollar as a weaker dollar and lower US yields supported sentiment. However, elevated crude prices, Middle East tensions and Strait of Hormuz disruptions may limit recovery, despite strong FCNR(B) inflows. -Choice Broking

Dollar Update The dollar index hovered near 98.8, its three-month low, as expanded Treasury buybacks supported bond liquidity. Fed minutes showed some officials favored rate hikes, while Middle East tensions sustained inflation concerns and dollar uncertainty. -Choice Broking

Crude oil gapped down by -1.50%, NG by -1.15% Silver up by +3500 pts

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 Basemetal. -Choice Broking

Global Market Heatmap Global markets were mixed, with US equities largely higher while European and Japanese indices declined. In Energy sector, Crude oil gained, with WTI at $84.57 and Brent at $92.02, while natural gas fell. In Metals, Gold was steady and silver rose sharply, whereas copper and palladium edged lower. US Treasury yields ticked up, while the dollar remained broadly stable.

Sumeet Bagadia’s Desk : Book Full Profit @ 396.10...Buy in Commodity CRUDEOIL|17SEP26 CE 8300.00 @ 369.00 SL 348.00 TGT 411.00