Choice Commodity Research

Natural gas Update Qatar is preparing to restart LNG output at Ras Laffan after a ceasefire. Production may resume soon, though shipping safety through the Strait will determine ramp-up pace. Impact: Negative for Natural gas. -Choice Broking

Sumeet Bagadia’s Desk:Buy CRUDEOILM|20APR26 in Commodity @ 9198 SL 9090 TGT 9414.00

Bullion Update India's gold demand firmed ahead of Akshaya Tritiya, though high prices capped buying. China premiums narrowed as demand softened, while the central bank kept purchasing gold for a 17th month. -Choice Broking

Crude Oil Update The United States Department of Energy is seeking proposals to exchange up to 30 million barrels of sweet crude oil from the West Hackberry Strategic Petroleum Reserve site. Impact: Slightly negative for crude oil. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERMIC|30APR26 in Commodity @ 245331 SL 243200 TGT 249593.00

Copper Update Copper futures steadied on US-Iran ceasefire optimism and potential Hormuz reopening, though sentiment stayed fragile amid tensions, However, rising LME inventories, subdued demand, and cautious policy signals from China weighed on prices. -Choice Broking

Sumeet Bagadia’s Desk:Buy ZINC|30APR26 in Commodity @ 331.4 SL 330.5 TGT 333.20

Crude Oil Update MCX crude oil rebounded on Middle East tensions as markets observed ongoing diplomatic talks in Islamabad this week and shipping restrictions in the Strait of Hormuz, but remained set for weekly losses following a uncertainty in US-Iran ceasefire amidst supply risks, OPEC+ caution, and steady demand signals. -Choice Broking

Sumeet Bagadia’s Desk:Sell NATURALGAS|27APR26 in Commodity @ 250.1 SL 252 TGT 246.30

CH CPI y/y Actual: 1.0% Forecast: 1.2% Prev.: 1.3% CH PPI y/y Actual : 0.5% Forecast : 0.4% Prev.: -0.9%

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOILM|20APR26

Sumeet Bagadia’s Desk : Book Part Profit @ 10.5...Buy in Commodity NATURALGAS|23APR26 PE 250.00 @ 8.85 SL 6.85 TGT 12.85

Sumeet Bagadia’s Desk : Exit @ 241637...Buy in Commodity SILVERMIC|30APR26 @ 240511 SL 236975 TGT 247583.00

Sumeet Bagadia’s Desk : Book Part Profit @ 241535...Buy in Commodity SILVERMIC|30APR26 @ 240511 SL 236975 TGT 247583.00

*US Natural Gas Storage* Actual : 50B Forecast : 41B Prev.: 36B Impact: Negative for NG

Sumeet Bagadia’s Desk : Book Part Profit @ 9505...Buy in Commodity CRUDEOILM|20APR26 @ 9259 SL 9083 TGT 9611.00

Crude Oil hit UC of 6% @ 9392, next resistance @ 9661

Sumeet Bagadia’s Desk:Buy NATURALGAS|23APR26 PE 250.00 in Commodity @ 8.85 SL 6.85 TGT 12.85