Choice Commodity Research

Sumeet Bagadia’s Desk : Target Achieved @ 603.00...Buy in Commodity CRUDEOIL|17NOV26 PE 9400.00 @ 513.00 SL 468.00 TGT 603.00

Sumeet Bagadia’s Desk : Book Part Profit @ 550.00...Buy in Commodity CRUDEOIL|17NOV26 PE 9400.00 @ 513.00 SL 468.00 TGT 603.00

Sumeet Bagadia’s Desk : Stopped Out @ 144672.00...Sell in Commodity GOLDM|05NOV26 @ 144320.00 SL 144661.00 TGT 143638.00

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17NOV26 PE 9400.00 in Commodity @ 513.00 SL 468.00 TGT 603.00

Sumeet Bagadia’s Desk : Stopped Out @ 12.70...Sell in Commodity COPPER|23OCT26 CE 1380.00 @ 10.50 SL 12.51 TGT 6.48

Geopolitical Update Iran denied progress in diplomatic talks, while the UKMTO reported a tanker was struck by an unknown projectile off the coast of Oman. Positive for crude oil prices. -Choice Broking

Sumeet Bagadia’s Desk : Book Part Profit @ 4.00...Sell in Commodity NATURALGAS|23OCT26 CE 280.00 @ 6.40 SL 9.40 TGT 0.05

Sumeet Bagadia’s Desk:Sell COPPER|23OCT26 CE 1380.00 in Commodity @ 10.50 SL 12.51 TGT 6.48

Sumeet Bagadia’s Desk:Sell LEAD|30OCT26 in Commodity @ 195.00 SL 195.60 TGT 193.80

Sumeet Bagadia’s Desk:Sell GOLDM|05NOV26 in Commodity @ 144320.00 SL 144661.00 TGT 143638.00

Lead Update According to customs data, in September 2026, China's refined lead imports were 9,602 mt. From January to September, combined imports of refined lead and lead products totaled 390,157 mt, up 219.94% YoY. Negative for lead prices. -Choice Broking

Silver Update Silver imports in India dipped for the second consecutive month, falling 49.11 per cent to USD 665.08 million. -Choice Broking

*Daily LME Stock Update* LME base metals inventories: copper 245,275 t, up 11,475 t; aluminum 236,125 t, down 100 t; zinc 167,825 t, up 1,500 t; lead 329,300 t, down 4,900 t. -Choice Broking

Sumeet Bagadia’s Desk:Sell NATURALGAS|23OCT26 CE 280.00 in Commodity @ 6.40 SL 9.40 TGT 0.05

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

Copper Update Copper prices held a modest drop amid Chinese demand metrics remained steady alongside modest gains in September refining output. However, record 2027 European premiums from Codelco and Aurubis highlighted supply shortages outside the US, continue to drain global inventories. -Choice Broking

Crude oil Update IEA Executive Director Birol said the agency would consider additional releases from emergency oil reserves if necessary. Negative for crude oil prices. -Choice Broking

Weekly LME Funds' Net Positions: * Copper: Net long 33,600 lots, down 7,075 w/w. * * Aluminium: Net long 123,400 lots, down 1,573 w/w. * Zinc: Net long 36,300 lots, down 3,724 w/w. * Nickel: Net long 452 lots, down 4,606 w/w. * Lead: Net short 33,500 lots, up 1,446 w/w. -Choice Broking

Crude Oil Update Crude oil prices dropped after reports that the US and Iran gave preliminary approval to a mediation proposal. Meanwhile U.S. Secretary of State Rubio said oil shipments via the Strait of Hormuz are nearly unchanged from pre-war levels. -Choice Broking