Choice Commodity Research

Crude Oil Update Crude Oil prices trading firm after Donald Trump set a 10–15-day nuclear deadline for Iran and expanded US military presence in the Middle East. Fears of disruptions through the Strait of Hormuz added risk premiums, while US inventories posted a sharp 9-million-barrel draw, the biggest since September, reinforcing bullish momentum. -Choice Broking

*dollar update* The dollar index trading toward 98 level, as strong jobless claims and a surge in the Federal Reserve Bank of Philadelphia outlook survey reinforced hawkish signals from the Federal Reserve. Despite a wider trade deficit and softer home sales, focus shifted to Q4 GDP and PCE inflation data. -Choice Broking

Silver Update Silver prices trading firm as escalating US-Iran tensions after Donald Trump’s nuclear warning supported safe-haven demand. Thin Lunar New Year trade and awaited US data guiding Federal Reserve policy kept volatility elevated. -Choice Broking

Global Update Copper futures prices fell as rising inventories pressured prices. London Metal Exchange stocks hit an 11-month high, while combined global inventories topped 1 million tons. Thin Lunar New Year trade, a stronger dollar, and hawkish Federal Reserve signals weighed on sentiment. -Choice Broking

Global Update Indonesia and the United States signed a reciprocal trade pact cutting proposed tariffs to 19% from 32%, granting duty-free access for coffee, chocolate, natural rubber and spices, with possible exemptions for 1,700 items including palm oil. Textiles will enter under a zero-duty Tariff-Rate Quota while Indonesia eases barriers on U.S. autos, medical goods and critical mineral investments. Impact: The agreement could pressure Indian exports of palm oil, coffee and textiles, while influencing global edible oil and rubber prices.

Gold Update Gold prices slightly up as investors balanced rising US–Iran tensions after Donald Trump’s nuclear deadline with cautious Fed signals. Strong jobless data and divided Federal Reserve minutes tempered rate-cut hopes, while muted Asian demand capped gains. -Choice Broking

Global Update * Tensions between the US and Iran have increased after President Trump imposed a 10–15-day deadline for nuclear deal negotiations. * Economic indicators showed that weekly jobless claims fell to a five-week low; however, the US trade deficit expanded in December, and pending home sales declined in January. * Minutes from the latest FOMC meeting revealed divisions among policymakers regarding interest rates, with some suggesting that further hikes might be necessary if inflation remains high. * The US government has reached an agreement with Uzbekistan to enhance access to its critical minerals, part of Trump's strategy to reduce China's influence over vital resources and supply chains. * Japan's headline and core inflation rates decreased in January, allowing the central bank more time before considering future interest rate increases amidst a weak economic rebound last quarter. -Choice Broking

US Natural Gas Storage Actual : -144B Forecast : -148B Prev.: -249B Impact: Negative for NG

US Pending Home Sales m/m Actual : -0.8% Forecast : 1.4% Prev.: -9.3% Impact : Positive for Bullion

US Unemployment Claims Actual : 206K Forecast: 223K Prev.: 227K Impact : Negative for Bullion US Philly Fed Manufacturing Index Actual : 16.3 Forecast : 7.5 Prev.: 12.6 Impact : Positive for Base metals

Sumeet Bagadia’s Desk : Exit @ 6.6...Buy in Commodity NATURALGAS|20FEB26 CE 280.00 @ 6.35 SL 4.7 TGT 9.65

Sumeet Bagadia’s Desk : Exit @ 6.6...Buy in Commodity NATURALGAS|20FEB26 CE 280.00 @ 6.35 SL 4.7 TGT 9.65

Sumeet Bagadia’s Desk:Sell LEAD|27FEB26 in Commodity @ 187.8 SL 188.8 TGT 185.80

Sumeet Bagadia’s Desk : Target Achieved @ 305.8...Sell in Commodity ALUMINIUM|27FEB26 @ 307.7 SL 308.6 TGT 305.90

Sumeet Bagadia’s Desk : Book Part Profit @ 306.9...Sell in Commodity ALUMINIUM|27FEB26 @ 307.7 SL 308.6 TGT 305.90

Sumeet Bagadia’s Desk : Book Part Profit @ 306.9...Sell in Commodity ALUMINIUM|27FEB26 @ 307.7 SL 308.6 TGT 305.90

Sumeet Bagadia’s Desk : Book Full Profit @ 279...Buy in Commodity NATURALGAS|24FEB26 @ 274.9 SL 272.2 TGT 280.30

Sumeet Bagadia’s Desk : Book Full Profit @ 279...Buy in Commodity NATURALGAS|24FEB26 @ 274.9 SL 272.2 TGT 280.30