Choice Commodity Research

NG hit LC of 9% @ 291.40, next support @ 286

*Copper Update* Copper prices trading near Rs 1248 as investors weighed tight supply against softer Chinese demand as factories paused for Lunar New Year. Energy transition demand supported prices, while mine disruptions persisted. China forecast copper output to rise about 5% in 2026. -Choice Broking

NG hit LC of 6% @ 301, Next support @ 296 - 292

*Gold up by +1.44%, Silver by +5.28%*

*Natural Gas Update* MCX Natural gas futures fell as warmer-than-average weather forecasts reduced heating and power demand. Unseasonably mild conditions across central and southern regions, moving east, combined with increased Haynesville drilling activity, adding further pressure to prices. -Choice Broking

*Dollar Update* The dollar index fell to around 97.5 level as markets awaited delayed US data. Investors eye jobs and CPI reports, expect steady Fed rates, and weighed improved risk sentiment and higher yen volatility after Japan’s election outcome. -Choice Broking

*Global Update* • US and Iran engaged in talks in Oman to reduce tensions, described positively by both President Trump and Tehran, who view it as a progress step. • Trump cautioned about severe consequences if no deal on Iran’s nuclear program is finalized; Tehran affirmed its commitment to uranium enrichment. • Upcoming economic indicators include the January jobs report and December retail sales data, hinting at a potential slowing labor market. • The People's Bank of China increased its gold reserves for the fifteenth month, now totaling 74.19 million fine troy ounces. • In Japan, Prime Minister Sanae Takaichi's electoral victory raised expectations for looser fiscal policies and tax cuts. • The US and Bangladesh are expected to sign a trade agreement, timed before elections in Dhaka. • India and the Gulf Cooperation Council (GCC) established terms for a free-trade agreement, focusing on exports like engineering goods and textiles from India, while importing crude oil and precious metals from GCC countries. -Choice Broking

*Call Ratio Spread* Sumeet Bagadia’s Desk: Buy NATURALGAS 315 CE 20-Feb 1 lot @ 32 Sell NATURALGAS 330 CE 20-Feb 2 lots @ 26.60 Buy NATURALGAS 340 CE 20-Feb 1 lot @ 23.55 Max loss: 2937.50 below 315 (on expiry) Max profit of 15812.50 at 330 (on expiry) Max profit of 3312.50 above 340 (on expiry) Risk-Reward: 1 : 5.40 Margin required: 110,000 Breakeven : 317.40 (Duration: 2 weeks)

Call Ratio Spread - NATURALGAS,Max Profit - 15812.50| Max Loss - 2937.50.Check out details:https://finx.choiceindia.com/research-report/research/option_strategy/report

Oil Update Russia is redirecting oil cargoes—up to 12 million barrels on waiting tankers—to China at widening discounts after Indian refiners paused purchases due to a U.S.-India trade deal. Multiple vessels are idling offshore or signaling 'for orders' in East Asian waters, seeking Chinese buyers. Choice Broking

Sumeet Bagadia’s Desk : Exit @ 311.6...Buy in Commodity ALUMINI|27FEB26 @ 311 SL 309.5 TGT 314.00

Sumeet Bagadia’s Desk:Buy ALUMINI|27FEB26 in Commodity @ 311 SL 309.5 TGT 314.00

US Prelim UoM Consumer Sentiment Actual : 57.3 Forecast: 55.0 Prev.: 56.4 Impact : Negative for Bullion US Prelim UoM Inflation Expectations Actual : 3.5% Prev.: 4.0% Impact : Positive for Bullion

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

Sumeet Bagadia’s Desk : Book Part Profit @ 251800...Buy in Commodity SILVERMIC|27FEB26 @ 248273 SL 243900 TGT 257019.00

Sumeet Bagadia’s Desk : Target Achieved @ 311.4...Buy in Commodity CRUDEOIL|17FEB26 PE 5800.00 @ 257 SL 230 TGT 311.00

Sumeet Bagadia’s Desk : Stopped Out @ 18.65...Buy in Commodity NATURALGAS|20FEB26 PE 300.00 @ 21.1 SL 18.7 TGT 25.90