Choice Commodity Research

Sumeet Bagadia’s Desk : Target Achieved @ 318...Buy in Commodity ZINC|30JAN26 @ 316.3 SL 315.5 TGT 317.90

*US Natural Gas Storage* Actual : -71B Forecast : -89B Prev.: -119B Impact: Negative for NG

Sumeet Bagadia’s Desk : Book Part Profit @ 317.40...Buy in Commodity ZINC|30JAN26 @ 316.3 SL 315.5 TGT 317.90

Sumeet Bagadia’s Desk:Buy ZINC|30JAN26 in Commodity @ 316.3 SL 315.5 TGT 317.90

Sumeet Bagadia’s Desk : Stopped Out @ 1295.2...Buy in Commodity COPPER|30JAN26 @ 1297.25 SL 1295.25 TGT 1301.25

Sumeet Bagadia’s Desk:Buy COPPER|30JAN26 in Commodity @ 1297.25 SL 1295.25 TGT 1301.25

*US Import Prices m/m(Oct-data)* Actual : 0.4% Forecast : -0.1% Prev.: 0.0% Impact : Positive for Base metals

*US Unemployment Claims* Actual : 198K Forecast : 215K Prev.: 207K Impact : Negative for Bullion *US Empire State Manufacturing Index* Actual : 7.7 Forecast: 0.8 Prev.: -3.9 Impact : Negative for Base Metals *US Philly Fed Manufacturing Index* Actual : 12.6 Forecast : -1.6 Prev.: -10.2 Impact : Negative for Base metals

Sumeet Bagadia’s Desk : Target Achieved @ 283950...Sell in Commodity SILVERMIC|27FEB26 @ 290019 SL 293010 TGT 284037.00

Sumeet Bagadia’s Desk : Book Part Profit @ 285350...Sell in Commodity SILVERMIC|27FEB26 @ 290019 SL 293010 TGT 284037.00

Sumeet Bagadia’s Desk:Sell SILVERMIC|27FEB26 in Commodity @ 290019 SL 293010 TGT 284037.00

*CH M2 Money Supply y/y* Actual : 8.5% Forecast : 8.0% Prev.: 8.0% Impact : Positive for Base metals *CH New Loans* Actual : 910B Forecast : 820B Prev.: 390B Impact : Positive for Base metals

*Sumeet Bagadia's Desk : Commodity Momentum Pick Update:* Stopped Out in NATURALGAS - Jan

Sumeet Bagadia’s Desk : Stopped Out @ 284.5...Buy in Commodity NATURALGAS|27JAN26 @ 304.8 SL 284.5 TGT 345.4

*US Gasoline Inventories* Actual : 9.0M Forecast: 2.0M Prev.: 7.7M Impact : Negative for Crude Oil

*US Crude Oil Inventories* Actual : 3.4M Forecast: -1.7M Prev.: -3.8M Impact : Negative for Crude Oil *US Distillate Inventories* Actual : 0.0M Forecast: -0.8M Prev.: 5.6M Impact : Negative for Crude Oil

*US Core PPI m/m* Actual : 0.0% Forecast : 0.2% *US PPI m/m* Actual : 0.2% Forecast : 0.2% Prev.: 0.1% Impact : Neutral for Bullion *US Retail Sales m/m* Actual : 0.6% Forecast : 0.5% Prev.: 0.0% Impact : Negative for Bullion *US Core Retail Sales m/m* Actual : 0.5% Forecast : 0.4% Prev.: 0.2% Impact : Negative for Bullion *US PPI m/m (Oct Data)* Actual : 0.1% Prev.: 0.3%

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in GOLDM|05FEB26