Choice Commodity Research

Bullion Update Bullion prices slide easing from prior session gains as strong US jobs data reduced expectations of near-term Fed rate cuts. Higher Treasury yields and a resilient labor market pressured prices, with traders now eyeing July for easing. Investors await upcoming US CPI data for policy clues. -Choice Broking

*Dollar Update* The dollar index fell to 96.8 despite strong US jobs data, as a rallying yen and fiscal optimism in Japan offset higher Treasury yields, with markets now pricing a Fed rate cut in July. -Choice Broking

Global Update * The Dollar Index hovers near 96.8, under pressure despite strong US jobs data that reduced expectations of near-term Fed rate cuts. * US payrolls increased by 130,000 in January, the biggest rise in over a year, while unemployment fell to 4.3%, signaling labor market resilience. * Strong data lifted Treasury yields and reinforced the Fed’s pause stance, with markets now pricing a potential rate cut in July instead of June. * US CPI data due Friday is projected to show 2.5% YoY growth in both headline and core inflation for January. * President Trump seeks a deal with Tehran after talks with Israel’s PM, though concerns over possible military tensions and supply risks remain. * The IEA’s monthly report is expected to indicate a global oil surplus. * Japanese equities hit record highs, supported by stimulus expectations and favorable currency trends.

US Crude Oil Inventories Actual : 8.5M Forecast: -0.2M Prev.: -3.5M Impact : Negative for Crude Oil US Distillate Inventories Actual : -2.7M Forecast: -2.0M Prev.: -5.6M Impact : Positive for Crude Oil US Gasoline Inventories Actual : 1.2M Forecast: 0.8M Prev.: 0.7M Impact : Negative for Crude Oil

Sumeet Bagadia’s Desk : Stopped Out @ 314...Buy in Commodity ALUMINIUM|27FEB26 @ 314.95 SL 314 TGT 316.85

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOIL|17FEB26 CE 5900.00

Sumeet Bagadia’s Desk:Buy ALUMINIUM|27FEB26 in Commodity @ 314.95 SL 314 TGT 316.85

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in ZINC|27FEB26

Sumeet Bagadia’s Desk : Book Part Profit @ 327.3...Sell in Commodity ZINC|27FEB26 @ 328.05 SL 328.9 TGT 326.35

Sumeet Bagadia’s Desk:Sell ZINC|27FEB26 in Commodity @ 328.05 SL 328.9 TGT 326.35

US Average Hourly Earnings m/m Actual : 0.4% Forecast : 0.3% Prev.: 0.3% Impact : Negative for Bullion US Non-Farm Employment Change Actual : 130K Forecast: 66K Prev.: 50K Impact : Negative for Bullion Unemployment Rate Actual : 4.3% Forecast : 4.4% Prev.: 4.4% Impact : Negative for Bullion

Sumeet Bagadia’s Desk : Book Part Profit @ 181.2...Buy in Commodity CRUDEOIL|17FEB26 CE 5900.00 @ 163.7 SL 140 TGT 211.10

Sumeet Bagadia’s Desk : Stopped Out @ 327.55...Buy in Commodity ZINCMINI|27FEB26 @ 330.35 SL 327.9 TGT 335.25

Sumeet Bagadia’s Desk : Exit @ 189.95...Buy in Commodity LEAD|27FEB26 @ 189.7 SL 188.9 TGT 191.30

Sumeet Bagadia’s Desk : Target Achieved @ 6120...Buy in Commodity GOLDM|26FEB26 CE 156000.00 @ 5362 SL 4990 TGT 6106.00

Sumeet Bagadia’s Desk : Book Part Profit @ 316...Buy in Commodity ALUMINIUM|27FEB26 @ 312.1 SL 306.9 TGT 322.5

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17FEB26 CE 5900.00 in Commodity @ 163.7 SL 140 TGT 211.10