Choice Commodity Research

Sumeet Bagadia’s Desk:Buy GOLDM|26MAR26 PE 155000.00 in Commodity @ 1338.5 SL 1106 TGT 1803.50

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOILM|17MAR26 CE 8600.00

Crude Oil Update Crude Oil trading slightly up at 8848 level after a strong rally as Mojtaba Khamenei vowed to keep the Strait of Hormuz closed. Supply disruptions forced GCC output cuts, while the IEA approved a 400-million-barrel release, warning recovery may take weeks or months to return to pre-crisis levels. -Choice Broking

Dollar Update The dollar index remained above 99.5, bolstered by concerns over a prolonged conflict in the Middle East and rising oil prices, which heightened fears of a global economic downturn. -Choice Broking

Bullion Update Bullion prices rebounded after two sessions of losses as a stronger dollar and Middle East tensions weighed on sentiment. Iran’s leader Mojtaba Khamenei vowed to keep the Strait of Hormuz closed, raising inflation concerns and delaying Federal Reserve rate-cut expectations. -Choice Broking

*US Trade Balance* Actual : -54.5B Forecast : -66.6B Prev.: -70.3B

Sumeet Bagadia’s Desk : Book Full Profit @ 8891...Buy in Commodity CRUDEOILM|19MAR26 @ 8555 SL 8298 TGT 9069.00

*Global Market Update* • The U.S.–Iran conflict has reached its 14th day, with Iran's Supreme Leader, Mojtaba Khamenei, indicating the Strait of Hormuz will remain closed and suggesting the potential for opening additional fronts if attacks by the U.S. and Israel persist. • Iran has reportedly begun laying mines in the Strait, heightening shipping risks in the region. • President Donald Trump reaffirmed that preventing Iran from obtaining nuclear weapons and mitigating its regional threats is more important than concerns over oil prices. • The conflict has prevented tankers from loading in the Gulf, disrupting approximately 20% of the global oil supply, and forcing Gulf Cooperation Council (GCC) members to reduce production by 10 million barrels per day due to limited storage capacity. • The IEA described this as the largest disruption to global oil output on record, exacerbating inflation concerns as delivery of U.S. reserves is delayed. • The dollar index remains above 99.5, driven by safe-haven demand amid the ongoing conflict in the Middle East. • Investors are awaiting January’s Personal Consumption Expenditures (PCE) price index for updated inflation insights, though it will not reflect the consequences of the Iran situation. -Choice Broking

Sumeet Bagadia’s Desk : Exit @ 349.05...Buy in Commodity ALUMINI|31MAR26 @ 348.55 SL 346.4 TGT 352.85

*US Natural Gas Storage* Actual : -38B Forecast : -42B Prev.: -132B Impact: Negative for NG

Sumeet Bagadia’s Desk : Book Part Profit @ 802...Buy in Commodity CRUDEOILM|17MAR26 CE 8600.00 @ 686 SL 550 TGT 958.00

Sumeet Bagadia’s Desk : Book Part Profit @ 8760...Buy in Commodity CRUDEOILM|19MAR26 @ 8555 SL 8298 TGT 9069.00

US Unemployment Claims Actual : 213K Forecast: 214K Prev.: 213K Impact : Negative or Neutral for Bullion

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|24MAR26 PE 295.00

Sumeet Bagadia’s Desk:Buy ALUMINI|31MAR26 in Commodity @ 348.55 SL 346.4 TGT 352.85

Sumeet Bagadia’s Desk:Buy CRUDEOILM|17MAR26 CE 8600.00 in Commodity @ 686 SL 550 TGT 958.00

Sumeet Bagadia’s Desk : Book Part Profit @ 21.1...Buy in Commodity NATURALGAS|24MAR26 PE 295.00 @ 19.55 SL 17.4 TGT 23.85

Sumeet Bagadia’s Desk:Buy NATURALGAS|24MAR26 PE 295.00 in Commodity @ 19.55 SL 17.4 TGT 23.85