Choice Commodity Research

Sumeet Bagadia’s Desk:Buy GOLDM|05NOV26 in Commodity @ 143336.00 SL 142890.00 TGT 144228.00

*China Foreign Direct Investment ytd/y* Actual: -4.3% Previous: -5.3% Slightly positive for Basemetal.

Daily LME Stock Update LME inventories: copper rose 27,675 tonnes; aluminium fell 100 tonnes; zinc fell 750 tonnes; nickel fell 192 tonnes; lead fell 5,325 tonnes. Negative for copper. -Choice Broking

Crude Oil Update Crude prices rose as escalation risks grew over potential post-election US-Israeli military strikes on Iran and Houthi attacks in Saudi Arabia. Despite rising Strait of Hormuz crude exports, constrained refined product shipments kept global energy supply concerns elevated. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERMIC|30NOV26 in Commodity @ 206697.00 SL 204764.00 TGT 210563.00

Sumeet Bagadia’s Desk : Exit @ 6.00...Sell in Commodity COPPER|23OCT26 PE 1370.00 @ 6.17 SL 8.16 TGT 2.19

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|27OCT26

Gold Update The Bank of Russia sold 6.2 tonnes of gold in September. This reduction lowered Russia’s sovereign gold holdings to 2,264 tonnes, marking their lowest overall level since late 2019. -Choice Broking

Sumeet Bagadia’s Desk : Exit @ 323.80...Buy in Commodity ALUMINIUM|30OCT26 @ 323.65 SL 322.90 TGT 325.15

Rupee Update The RBI has used about $90 billion of the more than $140 billion raised from the Indian diaspora to support the rupee, selling currency into the spot market and using currency swaps to absorb excess liquidity. -Choice Broking

Sumeet Bagadia’s Desk:Sell COPPER|23OCT26 PE 1370.00 in Commodity @ 6.17 SL 8.16 TGT 2.19

Sumeet Bagadia’s Desk : Book Part Profit @ 263.80...Buy in Commodity NATURALGAS|27OCT26 @ 261.30 SL 258.30 TGT 267.30

Sumeet Bagadia’s Desk:Buy ALUMINIUM|30OCT26 in Commodity @ 323.65 SL 322.90 TGT 325.15

Sumeet Bagadia’s Desk:Buy NATURALGAS|27OCT26 in Commodity @ 261.30 SL 258.30 TGT 267.30

Crude Oil Update Iran’s IRGC navy struck four vessels transshipping oil illegally in the northern Persian Gulf and stated three others hit mines near the Strait of Hormuz. It warned US forces that further provocations risk larger-scale attacks on regional American bases. Positive for Crude Oil. -Choice Broking

Copper Update Copper prices fell as three consecutive days of LME warehouse inflows most recently across South Korea, the US, and the Netherlands eased supply concerns. -Choice Broking

Dollar Index Update The US dollar index held near 101.7 ahead of expected rate holds by the Fed, ECB, and BOJ. Soft housing data signaled US economic weakness, while a Saudi Aramco drone attack boosted oil prices, raising renewed inflation concerns. -Choice Broking

Sumeet Bagadia’s Desk : Book Profit @ 208035.00...Sell in Commodity SILVERMIC|30NOV26 @ 211515.00 SL 213555.00 TGT 207435.00