Choice Commodity Research

Sumeet Bagadia’s Desk:Buy ZINCMINI|28NOV25 in Commodity @ 303.25 SL 301.75 TGT 306.25

Sumeet Bagadia’s Desk:Buy NATURALGAS|20NOV25 CE 380.00 in Commodity @ 19.25 SL 17.4 TGT 22.95

Sumeet Bagadia’s Desk:Buy GOLDM|28NOV25 CE 121000.00 in Commodity @ 2977 SL 2710 TGT 3511.00

Sumeet Bagadia’s Desk : Exit @ 999.6...Sell in Commodity COPPER|28NOV25 @ 1000 SL 1002 TGT 996.00

Sumeet Bagadia’s Desk:Sell COPPER|28NOV25 in Commodity @ 1000 SL 1002 TGT 996.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in GOLDM|05DEC25

Sumeet Bagadia’s Desk : Stopped Out @ 18.85...Buy in Commodity NATURALGAS|20NOV25 CE 380.00 @ 20.6 SL 18.9 TGT 24.00

Sumeet Bagadia’s Desk : Book Part Profit @ 120340...Sell in Commodity GOLDM|05DEC25 @ 120698 SL 121000 TGT 120094.00

Sumeet Bagadia’s Desk : Exit @ 303.9...Buy in Commodity ZINC|28NOV25 @ 303.55 SL 302.7 TGT 305.25

Sumeet Bagadia’s Desk:Sell GOLDM|05DEC25 in Commodity @ 120698 SL 121000 TGT 120094.00

Sumeet Bagadia’s Desk:Buy NATURALGAS|20NOV25 CE 380.00 in Commodity @ 20.6 SL 18.9 TGT 24.00

Sumeet Bagadia’s Desk:Buy ZINC|28NOV25 in Commodity @ 303.55 SL 302.7 TGT 305.25

SILVER opened gap down by -1000pts

Sumeet Bagadia’s Desk : Stopped Out @ 1001.95...Buy in Commodity COPPER|28NOV25 @ 1009.55 SL 1007.55 TGT 1013.55

Sumeet Bagadia’s Desk:Buy COPPER|28NOV25 in Commodity @ 1009.55 SL 1007.55 TGT 1013.55

*Crude Oil Update:* OPEC+ may reconsider its production policy in early 2026 if new U.S. sanctions on Russia’s top oil firms significantly affect global supply. Analysts at ING note that eight key members of the alliance have agreed to pause production increases through Q1 2026, citing seasonal factors and a forecasted market surplus. However, uncertainty remains over how much the sanctions will impact Russian exports once the wind-down period for transactions with Rosneft and Lukoil ends on November 21. Market participants will be watching Russian oil movements closely in the coming weeks.

Sumeet Bagadia’s Desk : Stopped Out @ 99...Buy in Commodity CRUDEOIL|17NOV25 CE 5500.00 @ 115.8 SL 99.1 TGT 149.20

*US Final Manufacturing PMI* Actual : 52.5 Forecast: 52.2 Prev.: 52.2 Impact :Positive for Base metals *US ISM Manufacturing PMI* Actual : 48.7 Forecast: 49.4 Prev.: 49.1 Impact : Negative for Base metals *US ISM Manufacturing Prices* Actual : 58 Forecast: 62.4 Prev.: 61.9 Impact : Negative for Base metals