Choice Commodity Research

Crude Oil Update Saudi Arabia is considering expanding the capacity of its crude ​oil pipeline to the western Red Sea coast, five sources close to the matter said, enabling the kingdom and possibly neighbours ‌to transport more oil without crossing the Strait of Hormuz. Impact: Negative for Crude Oil. -Choice Broking

Sumeet Bagadia’s Desk:Buy COPPER|31JUL26 in Commodity @ 1280.5 SL 1278.5 TGT 1284.50

Sumeet Bagadia’s Desk:Buy SILVERMIC|31AUG26 in Commodity @ 235178 SL 233245 TGT 239044.00

Sumeet Bagadia’s Desk : Stopped Out @ 7.4...Buy in Commodity NATURALGAS|24JUL26 PE 300.00 @ 8.8 SL 7.4 TGT 11.60

Sumeet Bagadia’s Desk : Target Achieved @ 331.6...Sell in Commodity ALUMINIUM|31JUL26 @ 332.9 SL 333.55 TGT 331.60

Sumeet Bagadia’s Desk : Book Part Profit @ 332.35...Sell in Commodity ALUMINIUM|31JUL26 @ 332.9 SL 333.55 TGT 331.60

Sumeet Bagadia’s Desk:Buy GOLDM|29JUL26 PE 145000.00 in Commodity @ 2775 SL 2446 TGT 3433.00

Sumeet Bagadia’s Desk:Sell ALUMINIUM|31JUL26 in Commodity @ 332.9 SL 333.55 TGT 331.60

Sumeet Bagadia’s Desk:Buy NATURALGAS|24JUL26 PE 300.00 in Commodity @ 8.8 SL 7.4 TGT 11.60

Copper Update BHP Group Ltd has received its first major environmental approval for the expansion of its Escondida copper mine in Chile. Impact: Negative for Copper. -Choice Broking

Bullion Update Perth Mint reported that gold product sales rose 53% month-on-month in June, reaching a two-month high, while silver product sales fell 19% compared to May. -Choice Broking

Global Market Heatmap Global markets traded mixed, with the Dow Jones posting modest gains while the S&P 500, Nasdaq, European indices, and Japan's Nikkei 225 closed lower. Crude oil prices advanced nearly 1% on both WTI and Brent, supported by stronger energy sentiment, while natural gas edged slightly lower. In metals, gold, silver, and platinum declined, whereas copper was little changed. The U.S. dollar index remained broadly stable, bond prices were slightly weaker, and the VIX inched higher, indicating a mild increase in market uncertainty.

Sumeet Bagadia’s Desk : Stopped Out @ 128.6...Buy in Commodity CRUDEOIL|16JUL26 PE 6500.00 @ 161.7 SL 130 TGT 225.10

US ISM Services PMI Actual : 54.0 Forecast: 54.2 Prev.: 54.5 Impact : Positive for Bullion

*US Final Services PMI* Actual : 51.2 Forecast: 51.4 Prev.: 51.3 Impact : Positive for Bullion

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in ALUMINIUM|31JUL26

Sumeet Bagadia’s Desk : Book Part Profit @ 331.35...Sell in Commodity ALUMINIUM|31JUL26 @ 332.05 SL 333 TGT 330.15

Sumeet Bagadia’s Desk : Stopped Out @ 238100...Buy in Commodity SILVERMIC|31AUG26 @ 239510 SL 238100 TGT 242330.00