Choice Commodity Research

Natural Gas Update Natural gas prices fell on ceasefire hopes easing supply risks, though volatility persists. Hormuz disruptions, Qatar outages, and warnings from Shell CEO highlight ongoing risks of potential energy shortages in Europe. -Choice Broking

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|26MAR26

Sumeet Bagadia’s Desk : Book Part Profit @ 272.3...Buy in Commodity NATURALGAS|26MAR26 @ 270.8 SL 268.8 TGT 274.80

Sumeet Bagadia’s Desk:Buy ALUMINIUM|30APR26 in Commodity @ 334.25 SL 333.7 TGT 335.35

Rupee Update The Indian rupee steadied near record lows as easing oil prices improved sentiment. However, FPI outflows, strong dollar demand, and reduced RBI support kept pressure, with markets closely tracking crude, flows, and geopolitics. -Choice Broking

Sumeet Bagadia’s Desk:Buy GOLDM|26MAR26 PE 140000.00 in Commodity @ 776 SL 537 TGT 1254.00

*Zinc Update* Zinc futures slightly edged up due to uncertainty over the progress of US - Iran talks However, rising inventories, increased global supply, and weak demand recovery, despite improved industrial output growth in China further weigh on prices. -Choice Broking

Sumeet Bagadia’s Desk:Buy NATURALGAS|26MAR26 in Commodity @ 270.8 SL 268.8 TGT 274.80

Sumeet Bagadia’s Desk:Sell SILVERMIC|30APR26 in Commodity @ 238863 SL 242010 TGT 232569.00

*Gold Update* India extended UAE gold import TRQ authorisations under the India-UAE trade pact to June 30 from March 31, citing geopolitical disruptions to trade and logistics. Impact: Mildly bearish for Gold. -Choice Broking

Copper Update MCX Copper prices gained around 2.75% on Middle East ceasefire hopes, driving broader metals rebound. Additionally, Support came from increased Chinese buying at lower prices, with inventories seeing the largest weekly drop this year and manufacturing demand recovering post-Lunar New Year slowdown. -Choice Broking

Bullion Update Bullion prices rose on hopes of a Middle East ceasefire with the US -Iran talks. Despite troop deployments, easing conflict fears and Barr’s higher-for-longer rate signal supported sentiment. Central banks continued strong gold buying in 2026 despite record prices, led by China and Kazakhstan. -Choice Broking

Dollar Update The dollar index hovered near 99.1, pressured by US-Iran negotiation hopes. Conflicting signals kept investors cautious, while easing oil prices offered relief. while the Fed signaled rates may stay higher for longer amid persistent price pressures. -Choice Broking

Natural gas down by -2.30%

Gold gapped up by +3.40%, Silver by +4.75%, Crude oil gapped down by -3.80%

Sumeet Bagadia’s Desk : Book Full Profit @ 143490...Buy in Commodity GOLDTEN|31MAR26 @ 138987 SL 135300 TGT 146361.00

🌍 Global Market Highlights * 🕊️ President Trump is reportedly using a combination of diplomacy and military pressure, delaying attacks while deploying US troops to the region. * 🪖 The Pentagon has ordered 2,000 troops to the Middle East to secure the Strait of Hormuz and potentially target Iran's Kharg Island oil export hub. * 🗣️ US President Donald Trump again says negotiations are under way with Iran after Tehran said claims of talks were “fake news”. * 📄 Unnamed officials are reporting that Washington has sent a 15-point plan to Iran on ending the war. * 🤝 In exchange, the US would lift sanctions, provide aid for civilian nuclear power at Bushehr, and remove the snapback mechanism. * ⚠️ Despite the efforts, skepticism remains as Tehran denied engaging in negotiations with the US, and Gulf states signaled preparedness for conflict with Iran. * 💵 The US dollar remains stable near 99.1 amidst Mideast optimism, while the US 10-Year Yield has risen to an 8-month high but eased on ceasefire hopes. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 17.85...Buy in Commodity NATURALGAS|23APR26 PE 270.00 @ 19.6 SL 17.9 TGT 23.00