Choice Commodity Research

Crude Oil Update Crude prices fell on ceasefire hopes between US and Iran, though tensions persist after Trump’s ultimatum. OPEC+ raised output quotas, warning infrastructure damage could impact supply despite easing conflict conditions globally. -Choice Broking

Copper Update Copper prices slightly rose Amidst on the U.S., ​Iran and a group of regional ‌mediators talk on a 45-day ceasefire truce lifted sentiment, though supply remains ample, inventories high, and energy costs still threaten demand globally overall. -Choice Broking

Natural Gas Update Natural gas prices steadied as mild weather lifted storage to 36 Bcf, despite Trump’s Iran ultimatum. Supply risks remain limited, since U.S. export terminals are already near maximum capacity domestically overall. -Choice Broking

Dollar Update The dollar index rose above 100 level as Donald Trump escalated Iran threats. Strong jobs data, inflation concerns, and expectations of delayed Federal Reserve rate cuts supported gains. -Choice Broking

Rupee Update The rupee weakened to 92.8 per dollar amid Middle East tensions, though RBI curbs on speculation supported it. Iran unrest, stalled ceasefire talks, and duty relief shaped sentiment overall today. -Choice Broking

US Average Hourly Earnings m/m Actual : 0.2% Forecast : 0.3% Prev.: 0.4% Impact : Positive for Bullion US Non-Farm Employment Change Actual : 178K Forecast: 65K Prev.: -133K Impact : Negative for Bullion Unemployment Rate Actual : 4.3% Forecast : 4.4% Prev.: 4.4% Impact : Negative for Bullion

Global Update India will reduce import duties and regulate exports if needed to secure domestic supplies of essential goods disrupted by the Middle East war, the head of foreign trade said Thursday. New Delhi removed customs duties on several critical petrochemical products until June 30. -Choice Broking

Global Update US President Donald Trump ordered 100% tariffs on certain branded pharmaceutical imports but carved out broad exemptions, leaving many companies facing a 0% rate, Reuters reported. The tariffs will not apply universally, with caps at 15% under trade deals with the EU, Japan, South Korea, and Switzerland. -Choice Broking

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in SILVERMIC|30APR26

Sumeet Bagadia’s Desk : Target Achieved @ 1308...Buy in Commodity CRUDEOILM|16APR26 CE 10000.00 @ 795 SL 680 TGT 1025.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in ZINC|30APR26

Sumeet Bagadia’s Desk : Book Part Profit @ 228510...Sell in Commodity SILVERMIC|30APR26 @ 230995 SL 234020 TGT 224945.00

*US Unemployment Claims* Actual: 202K Forecast: 212K Prev.: 210K Impact: Negative for Bullion

Sumeet Bagadia’s Desk : Target Achieved @ 350.75...Sell in Commodity ALUMINIUM|30APR26 @ 352.25 SL 353 TGT 350.75