Choice Commodity Research

Daily LME Stock Update London Metal Exchange stocks: copper +3,950 tonnes, nickel +2,946 tonnes; zinc -650 tonnes, lead -1,475 tonnes, aluminium unchanged. -Choice Broking

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

Sumeet Bagadia’s Desk : Stopped Out @ 2.39...Buy in Commodity COPPER|24AUG26 CE 1400.00 @ 3.43 SL 2.49 TGT 5.31

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