Choice Commodity Research

Crude Oil Update MCX crude oil rebounded on Middle East tensions as markets observed ongoing diplomatic talks in Islamabad this week and shipping restrictions in the Strait of Hormuz, but remained set for weekly losses following a uncertainty in US-Iran ceasefire amidst supply risks, OPEC+ caution, and steady demand signals. -Choice Broking

Sumeet Bagadia’s Desk:Sell NATURALGAS|27APR26 in Commodity @ 250.1 SL 252 TGT 246.30

CH CPI y/y Actual: 1.0% Forecast: 1.2% Prev.: 1.3% CH PPI y/y Actual : 0.5% Forecast : 0.4% Prev.: -0.9%

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOILM|20APR26

Sumeet Bagadia’s Desk : Book Part Profit @ 10.5...Buy in Commodity NATURALGAS|23APR26 PE 250.00 @ 8.85 SL 6.85 TGT 12.85

Sumeet Bagadia’s Desk : Exit @ 241637...Buy in Commodity SILVERMIC|30APR26 @ 240511 SL 236975 TGT 247583.00

Sumeet Bagadia’s Desk : Book Part Profit @ 241535...Buy in Commodity SILVERMIC|30APR26 @ 240511 SL 236975 TGT 247583.00

*US Natural Gas Storage* Actual : 50B Forecast : 41B Prev.: 36B Impact: Negative for NG

Sumeet Bagadia’s Desk : Book Part Profit @ 9505...Buy in Commodity CRUDEOILM|20APR26 @ 9259 SL 9083 TGT 9611.00

Crude Oil hit UC of 6% @ 9392, next resistance @ 9661

Sumeet Bagadia’s Desk:Buy NATURALGAS|23APR26 PE 250.00 in Commodity @ 8.85 SL 6.85 TGT 12.85

Crude Oil Update US crude exports are projected to hit a record high in April as Asian customers hunt for supplies to replace Middle Eastern oil lost because of the Iran war. Impact: Slightly Negative for crude oil. -Choice Broking

Sumeet Bagadia’s Desk : Target Achieved @ 329.55...Buy in Commodity ZINC|30APR26 @ 327.85 SL 327 TGT 329.55

*Call Ratio Spread* Sumeet Bagadia’s Desk: Buy CRUDEOIL 9100 CE 16-Apr 1 lot @ 655 Sell CRUDEOIL 9400 CE 16-Apr 2 lots @ 524.90 Buy CRUDEOIL 9600 CE 16-Apr 1 lot @ 451.30 Max loss: 5710 below 9100 (on expiry) Max profit of 24290 at 9400 (on expiry) Max profit of 4290 above 9600 (on expiry) Risk-Reward: 1 : 4.25 Margin required: 715,550 Breakeven : 9157 (Duration: 1 week)

Call Ratio Spread - CRUDEOIL,Max Profit - 24290.00| Max Loss - 5710.00.Check out details:https://finx.choiceindia.com/research-report/research/option_strategy/report

Copper Update Freeport Indonesia expects operations at Grasberg Mine to reach near 100% by end-2026 and achieve full production capacity in early 2027 after a 2025 landslide, currently mining output are at 40%-50%. Impact: Slightly Positive for copper. -Choice Broking

Geopolitical Update Iran will allow only 15 vessels per day to pass through the Strait of Hormoz under the ceasefire agreement, TASS cited a senior Iranian source said. Impact: Positive for Energy. -Choice Broking