Choice Commodity Research

Dollar Update The dollar index steadied near 97.4 as delayed economic data from a partial shutdown curbed momentum. Budget approval eased uncertainty, but postponed jobs reports limited labor signals, while Warsh’s Fed nomination and strong manufacturing kept expectations for rate cuts cautious. -Choice Broking

Global Update • President Trump signed a $1.2 trillion budget to end the shutdown; however, funding issues for the Department of Homeland Security persist. • Strong U.S. manufacturing data has tempered expectations for quick interest rate cuts. • The Trump administration has extended the Africa Duty-Free Trade Program, allowing over 1,800 products from qualifying countries to enter the U.S. tariff-free, promoting trade and employment. • Iran insists that talks with the U.S. are held in Oman rather than Turkey, focusing discussions strictly on nuclear issues, complicating diplomatic efforts. • U.S. military downed an Iranian drone that approached the Abraham Lincoln aircraft carrier in the Arabian Sea amid increased military presence in the region. • China's services sector growth has reached a three-month high, with the Composite PMI reflecting improved economic activity. • The Japanese yen is at a near two-week low ahead of upcoming elections, with Prime Minister Takaichi's ruling party expected to gain more seats, advocating for increased spending and tax cuts. • The RBI MPC is set to announce a steady hold on rates today, shifting focus toward liquidity and market stability. -Choice Broking

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOIL|17FEB26 CE 5650.00

Sumeet Bagadia’s Desk : Book Part Profit @ 225.7...Buy in Commodity CRUDEOIL|17FEB26 CE 5650.00 @ 210 SL 190 TGT 250.00

Sumeet Bagadia’s Desk : Book Part Profit @ 155800...Buy in Commodity GOLDTEN|27FEB26 @ 153600 SL 150700 TGT 159400.00

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17FEB26 CE 5650.00 in Commodity @ 210 SL 190 TGT 250.00

Sumeet Bagadia’s Desk : Stopped Out @ 28...Buy in Commodity NATURALGAS|20FEB26 CE 290.00 @ 30.2 SL 28 TGT 34.60

Sumeet Bagadia’s Desk:Buy NATURALGAS|20FEB26 CE 290.00 in Commodity @ 30.2 SL 28 TGT 34.60

Sumeet Bagadia’s Desk : Exit @ 21.20...Buy in Commodity NATURALGAS|20FEB26 PE 280.00 @ 21 SL 18.4 TGT 26.20

Sumeet Bagadia’s Desk:Buy GOLDTEN|27FEB26 in Commodity @ 153600 SL 150700 TGT 159400.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOIL|17FEB26 PE 5500.00

Sumeet Bagadia’s Desk : Book Part Profit @ 171...Buy in Commodity CRUDEOIL|17FEB26 PE 5500.00 @ 155.6 SL 135.6 TGT 195.60

Sumeet Bagadia’s Desk : Target Achieved @ 270745...Buy in Commodity SILVERMIC|27FEB26 @ 261402 SL 256790 TGT 270626.00

Sumeet Bagadia’s Desk : Book Part Profit @ 267705...Buy in Commodity SILVERMIC|27FEB26 @ 261402 SL 256790 TGT 270626.00

EU Sanctions Threaten On Russian copper and platinum The EU is weighing sanctions banning Russian platinum-group metals and copper imports, mainly hitting Norilsk Nickel. With copper supply already constrained, losing Russian material would further tighten markets, likely pushing copper prices higher amid growing deficit concerns and increased volatility. Impact: Positive for Copper.