Choice Commodity Research

Sumeet Bagadia’s Desk:Buy SILVERMIC|27FEB26 in Commodity @ 261402 SL 256790 TGT 270626.00

Natural Gas Update The United States provided 60% of the European Union’s LNG in January, totaling 5.36 million metric tons, the second-highest monthly volume on record. Cold weather lifted demand, and US supply is expected to rise to about 65% of Europe’s LNG imports this year, up from 56% in 2025. Impact: Positive for Natural gas.

Sumeet Bagadia’s Desk:Buy NATURALGAS|20FEB26 PE 280.00 in Commodity @ 21 SL 18.4 TGT 26.20

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17FEB26 PE 5500.00 in Commodity @ 155.6 SL 135.6 TGT 195.60

Copper Update Copper prices increased by over 2% after a two-day decline, driven by reduced market volatility and the re-entry of Chinese manufacturers looking to restock before the Lunar New Year. Long-term support for copper is anticipated due to rising demand from renewable energy initiatives and AI data centers, amid ongoing supply risks from years of underinvestment in mining projects. -Choice Broking

*Silver hit UC of 6% @ 250,436, next resistance @ 264,126, Gold up by +3%*

Global Update * The Monetary Policy Committee (MPC) meeting is set for February 4-6, 2026, with expectations to maintain current interest rates due to fiscal support from Budget 2026. * A key trade deal between India and the US has reduced tariffs on Indian goods from 50% to 18%, labeled as “historic” by Prime Minister Narendra Modi and President Donald Trump. * Recent US ISM Manufacturing data suggests the Federal Reserve may delay further interest rate cuts. * The US and Iran will resume talks aimed at reviving negotiation on Iran’s nuclear program to lower the risk of wider regional conflict. * Japanese Prime Minister Sanae Takaichi has called for a snap general election on February 8, amid fiscal concerns and political uncertainty possibly impacting the Japanese Yen. * Improved sentiment has been reported following comments from Prime Minister Kim Min-seok about narrowing differences with the US through talks with Vice President JD Vance. -Choice Broking

Sumeet Bagadia’s Desk : Target Achieved @ 21.2...Buy in Commodity NATURALGAS|20FEB26 PE 300.00 @ 16.6 SL 14.3 TGT 21.20

Sumeet Bagadia’s Desk : Stopped Out @ 224.6...Buy in Commodity CRUDEOIL|17FEB26 CE 5700.00 @ 243 SL 225 TGT 279.00

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17FEB26 CE 5700.00 in Commodity @ 243 SL 225 TGT 279.00

Sumeet Bagadia’s Desk : Book Part Profit @ 19...Buy in Commodity NATURALGAS|20FEB26 PE 300.00 @ 16.6 SL 14.3 TGT 21.20

Sumeet Bagadia’s Desk : Target Achieved @ 35.4...Buy in Commodity NATURALGAS|20FEB26 PE 330.00 @ 29.3 SL 26.3 TGT 35.30

Sumeet Bagadia’s Desk : Stopped Out @ 185...Buy in Commodity CRUDEOIL|17FEB26 PE 5600.00 @ 205 SL 185 TGT 245.00

Gold Update Investors flocked to gold and gold miner ETFs in January 2026, channeling $4.39B into precious metals funds and $3.62B into miners—the highest since 2009—amid geopolitical risks, dollar weakness, and Fed rate cut bets. Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 328.5...Sell in Commodity ZINCMINI|27FEB26 @ 326 SL 328.5 TGT 321.00

Sumeet Bagadia’s Desk : Stopped Out @ 148501...Sell in Commodity GOLDTEN|27FEB26 @ 145300 SL 148500 TGT 138900.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|20FEB26 PE 300.00 in Commodity @ 16.6 SL 14.3 TGT 21.20

Sumeet Bagadia’s Desk:Sell ZINCMINI|27FEB26 in Commodity @ 326 SL 328.5 TGT 321.00