Choice Commodity Research

Copper Update The US is using offtake deals and state-backed financing to secure African copper and cobalt supplies, focusing on Zambia, Guinea and the DRC. By redirecting output from China-dominated chains, the strategy could tighten available supply and support prices in longer term. -Choice Broking

Sumeet Bagadia’s Desk : Target Achieved @ 312.7...Sell in Commodity ALUMINIUM|27FEB26 @ 313.9 SL 314.5 TGT 312.70

Sumeet Bagadia’s Desk : Book Part Profit @ 313...Sell in Commodity ALUMINIUM|27FEB26 @ 313.9 SL 314.5 TGT 312.70

Sumeet Bagadia’s Desk : Exit @ 184.50...Buy in Commodity CRUDEOIL|17FEB26 PE 5700.00 @ 176 SL 156 TGT 216.00

Sumeet Bagadia’s Desk:Sell ALUMINIUM|27FEB26 in Commodity @ 313.9 SL 314.5 TGT 312.70

Sumeet Bagadia’s Desk : Exit @ 269298...Buy in Commodity SILVERMIC|27FEB26 @ 268075 SL 263075 TGT 278075.00

*Rupee Update* The rupee edged up to 90.4 level as hopes of a US–India interim trade deal lifted sentiment, spurred equity inflows, eased outflows, and improved US market access for Indian auto parts. -Choice Broking

Sumeet Bagadia’s Desk:Buy GOLDTEN|27FEB26 in Commodity @ 159369 SL 157940 TGT 162227.00

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17FEB26 PE 5700.00 in Commodity @ 176 SL 156 TGT 216.00

*Crude Oil Update* WTI crude futures declined as fears of a US-Iran conflict eased following diplomatic talks, with both sides agreeing to continue negotiations. Despite lingering tensions over Iran’s nuclear program. Markets also watched India’s stance on Russian oil and awaited OPEC+ and IEA reports for clearer direction. -Choice Broking

*Gold Update* Gold rose as a weaker dollar boosted appeal ahead of US jobs and inflation data guiding Fed policy. Support also came from Japan’s election-driven fiscal easing prospects, continued yuan pressure, sustained Chinese central bank gold buying, and ongoing US-Iran talks aimed at easing geopolitical tensions. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERMIC|27FEB26 in Commodity @ 268075 SL 263075 TGT 278075.00

*Silver Update* Silver jumped as bargain buying followed a historic selloff. Sentiment improved following Japan’s election victory for Prime Minister Sanae Takaichi, supporting fiscal expansion, while US-Iran talks eased geopolitical tensions. Investors awaited key US jobs and inflation data to gauge Reserve policy. -Choice Broking

NG hit LC of 9% @ 291.40, next support @ 286

*Copper Update* Copper prices trading near Rs 1248 as investors weighed tight supply against softer Chinese demand as factories paused for Lunar New Year. Energy transition demand supported prices, while mine disruptions persisted. China forecast copper output to rise about 5% in 2026. -Choice Broking

NG hit LC of 6% @ 301, Next support @ 296 - 292

*Gold up by +1.44%, Silver by +5.28%*

*Natural Gas Update* MCX Natural gas futures fell as warmer-than-average weather forecasts reduced heating and power demand. Unseasonably mild conditions across central and southern regions, moving east, combined with increased Haynesville drilling activity, adding further pressure to prices. -Choice Broking