Choice Commodity Research

Sumeet Bagadia’s Desk : Exit @ 417.65...Sell in Commodity ZINC|30SEP26 @ 417.80 SL 418.70 TGT 416.00

Sumeet Bagadia’s Desk:Sell NATURALGAS|25SEP26 in Commodity @ 269.00 SL 270.50 TGT 266.00

Sumeet Bagadia’s Desk:Sell ZINC|30SEP26 in Commodity @ 417.80 SL 418.70 TGT 416.00

Crude Oil Update Crude Oil prices slipped on technical correction but remained set for a sharp weekly gain amid escalating US-Iran tensions. OPEC cut 2026 demand growth forecasts, while lower Russian output projections due to Ukrainian attacks further tightened global supply outlook. -Choice Broking

Daily LME Stock Update London Metal Exchange inventories: nickel +2,820 tonnes; lead -2,350 tonnes; zinc -1,775 tonnes; copper -275 tonnes; aluminium -250 tonnes; tin +45 tonnes. Impact: Positive for Basemetal. -Choice Broking

Sumeet Bagadia’s Desk : Exit @ 235712.00...Buy in Commodity SILVERMIC|30NOV26 @ 235412.00 SL 232999.00 TGT 240238.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOIL|17SEP26 PE 9500.00

Sumeet Bagadia’s Desk : Book Part Profit @ 322.00...Buy in Commodity CRUDEOIL|17SEP26 PE 9500.00 @ 289.60 SL 249.90 TGT 369.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in ALUMINI|30SEP26

Sumeet Bagadia’s Desk : Book Part Profit @ 353.50...Buy in Commodity ALUMINI|30SEP26 @ 352.00 SL 350.15 TGT 355.70

Sumeet Bagadia’s Desk:Buy ALUMINI|30SEP26 in Commodity @ 352.00 SL 350.15 TGT 355.70

Natural Gas Update Qatar is negotiating long-term U.S. LNG purchases to fulfill customer demand after the war with Iran stalled its exports. Accounting for 20% of global supply, Qatar is seeking outside options as transit risks through the Strait of Hormuz escalate. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERMIC|30NOV26 in Commodity @ 235412.00 SL 232999.00 TGT 240238.00

Copper Update The Chilean Copper Commission said Collahuasi mine’s copper output rose 12.3% YoY in July to 38,400 tonnes. Negative for copper. -Choice Broking

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17SEP26 PE 9500.00 in Commodity @ 289.60 SL 249.90 TGT 369.00

Geopolitical Update Gulf foreign ministers will meet Iran’s minister in Oman on Monday to negotiate temporary shipping access through the Strait of Hormuz. Marking their first meeting since recent US-Iran clashes, the talks reflect regional urgency to reduce tensions and reopen the waterway. -Choice Broking

Copper Update Copper futures stabilized after dropping 4% on reports the US may reconsider refined metal import tariffs to limit manufacturing costs. Tariff-driven shipments to the US previously tightened global supply, alongside ongoing sulfuric acid shortages for major refiners. -Choice Broking

Dollar Update The Dollar Index at 99 level as rising PPI data driven by surging oil prices amid the US-Iran war boosted Fed rate hike expectations to 71%. Treasury yields jumped following weak buyback results, while energy supply fears fueled persistent inflation concerns. -Choice Broking

Zinc Update Zinc prices fell driven by a base-metals selloff. Traders took profits following potential White House hesitations on copper tariffs, while a stronger US dollar and expected higher Chinese LME exports further dampened sentiment. -Choice Broking