Choice Commodity Research

*Rupee Update* The Indian rupee weakened toward 90.7 level amid importer hedging, weak equities, and over $800 million in foreign equity outflows. RBI intervention near 91 capped losses, but persistent dollar demand keeps pressure intact. -Choice Broking

Dollar Update The dollar index hovered below 97 in thin Presidents’ Day trading. Softer US inflation, with headline easing to 2.4% and monthly at 0.2%, pressured the currency, boosting Fed rate-cut expectations. Strong payrolls and lower unemployment supported stability. Focus shifts to Fed minutes, GDP and core PCE data. -Choice Broking

*Silver Update* Silver dropped over 3% toward 236894 level, with subdued trade due to US and China holidays. However, prices had surged on soft US inflation boosting Fed rate-cut bets. Focus now shifts to Fed minutes and core PCE data. -Choice Broking

From Feb 12–18, cold systems will sweep across the Great Lakes and Northeast, keeping highs in the 20s–30s through the weekend before moderating into the 40s–50s next week. Overall, national energy demand is expected to remain low over the next seven days. Impact: Negative for Natural Gas -Choice Broking

Natural gas hit LC of 6% @ 276.50

Global Update * The dollar remains stable below a value of 97, due to reduced activity during the Presidents' Day holiday. * US inflation data for January was softer than anticipated. * Markets are forecasting a potential Federal Reserve rate cut in July, with a significant chance of a decision in June. * The Federal Reserve plans to release minutes from its previous meeting, during which they paused their rate-cutting cycle. * On the geopolitical front, Iran expressed a willingness to negotiate a nuclear deal with the US, contingent upon discussions about lifting sanctions. * US-led negotiations to resolve the conflict in Ukraine are set to commence on Tuesday. * The Japanese yen has declined following disappointing GDP figures. * Bank of Japan member Naoki Tamura indicated the intention to continue raising interest rates in response to economic and price improvements. * Asian market activity is expected to be subdued, US and Chinese banks are closed for their respective holidays, Presidents' Day and Spring Festival. -Choice Broking

*Oil Update* OPEC+ is considering resuming oil output hikes from April, though no final decision has been made yet.Talks are ongoing ahead of the March 1 meeting, and the news has already triggered a fall in crude prices. -Choice Broking

Sumeet Bagadia’s Desk : Exit @ 249530...Buy in Commodity SILVERMIC|27FEB26 @ 252808 SL 248000 TGT 262424.00

Sumeet Bagadia’s Desk : Stopped Out @ 247935...Buy in Commodity SILVERMIC|27FEB26 @ 252808 SL 248000 TGT 262424.00

Sumeet Bagadia’s Desk:Buy SILVERMIC|27FEB26 in Commodity @ 252808 SL 248000 TGT 262424.00

Sumeet Bagadia’s Desk : Exit @ 187.9...Sell in Commodity LEAD|27FEB26 @ 187.45 SL 188.1 TGT 186.15

*US Core CPI m/m* Actual : 0.3% Forecast: 0.3% Prev.: 0.2% Impact : Neutral for Bullion *US CPI m/m* Actual : 0.2% Forecast: 0.3% Prev.: 0.3% Impact : Positive for Bullion *US CPI y/y* Actual : 2.4% Forecast: 2.5% Prev.: 2.7% Impact : Positive for Bullion

Sumeet Bagadia’s Desk : Stopped Out @ 5225.5...Buy in Commodity GOLDM|26FEB26 PE 154000.00 @ 5649.5 SL 5240 TGT 6468.50

Sumeet Bagadia’s Desk:Sell LEAD|27FEB26 in Commodity @ 187.45 SL 188.1 TGT 186.15

Sumeet Bagadia’s Desk : Stopped Out @ 46.1...Buy in Commodity CRUDEOIL|17FEB26 CE 5800.00 @ 70.4 SL 50.4 TGT 110.40

Sumeet Bagadia’s Desk : Stopped Out @ 5675...Buy in Commodity CRUDEOIL|19FEB26 @ 5727 SL 5680 TGT 5821.00