Choice Commodity Research

Crude Oil Update Crude Oil prices trading above two months high on MCX as escalating Middle East tensions threatened shipping through the Strait of Hormuz. Attacks on Iranian tankers and merchant vessels, alongside Tehran’s proposed exclusion zone, heightened concerns over potential disruptions to global crude supplies. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 427.40...Buy in Commodity ZINC|30SEP26 @ 428.20 SL 427.50 TGT 429.60

Sumeet Bagadia’s Desk:Buy ZINC|30SEP26 in Commodity @ 428.20 SL 427.50 TGT 429.60

Copper Update Copper hovered near record highs as tight non-U.S. availability supported prices, while oil exceeded $100. Rising yields and tighter financial conditions could weaken industrial demand, although elevated U.S. inventories and easing LME tightness provide support to prices. -Choice Broking

Aluminium Update Aluminium prices are supported by higher energy and smelting costs, while prolonged elevated oil prices could eventually weigh on industrial demand. Meanwhile, continued destocking of Chinese aluminium inventories and a weaker rupee are providing additional support to domestic prices. -Choice Broking

Gold Update India’s gold scrap supply is projected to rise 11% year-on-year to 103 tonnes in 2026, according to Metals Focus, as weak monsoon conditions could pressure rural incomes and encourage households to sell gold holdings, marking the first increase after two consecutive years of decline. -Choice Broking

Dollar Update The dollar index held near 98.8 level as investors awaited inflation data ahead of the Fed’s policy decision. Treasury yields surged on increased debt buybacks, while rising oil prices heightened inflation concerns and rate-hike expectations. -Choice Broking

INR dropped further by -19 paisa this morning, next support @ 95.40

Global Market Heatmap Global markets present a mixed landscape, with major stock indices like the S&P 500, DJIA, Nikkei 225, Euro Stoxx 50, and DAX showing mild gains, alongside a slight rise in market volatility (VIX at 17.10). Fixed income yields and rate expectations remain stable with minimal fluctuation across Treasuries. Energy commodities display divergent performance as Crude Oil edges slightly higher alongside dropping Natural Gas and Heating Oil prices. while metals pulled back slightly across Gold, Silver (-0.48%), Platinum (-1.06%), and Copper (-0.50%). Major foreign exchange currencies traded nearly flat against the USD, with minor gains in the Euro, Japanese Yen, and British Pound.

Sumeet Bagadia’s Desk:Buy SILVERMIC|30NOV26 in Commodity @ 245521.00 SL 243100.00 TGT 250363.00

Sumeet Bagadia’s Desk : Target Achieved @ 24.60...Buy in Commodity COPPER|23SEP26 CE 1420.00 @ 21.50 SL 19.95 TGT 24.60

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in GOLDM|05OCT26

Sumeet Bagadia’s Desk : Book Part Profit @ 154216.00...Buy in Commodity GOLDM|05OCT26 @ 154036.00 SL 153780.00 TGT 154548.00

Sumeet Bagadia’s Desk:Buy GOLDM|05OCT26 in Commodity @ 154036.00 SL 153780.00 TGT 154548.00

Sumeet Bagadia’s Desk : Target Achieved @ 244000.00...Buy in Commodity SILVERMIC|30NOV26 @ 241665.00 SL 240500.00 TGT 243995.00

Sumeet Bagadia’s Desk : Stopped Out @ 273.00...Sell in Commodity NATURALGAS|25SEP26 @ 271.80 SL 273.00 TGT 269.40

Sumeet Bagadia’s Desk : Book Part Profit @ 242678.00...Buy in Commodity SILVERMIC|30NOV26 @ 241665.00 SL 240500.00 TGT 243995.00

Sumeet Bagadia’s Desk:Sell NATURALGAS|25SEP26 in Commodity @ 271.80 SL 273.00 TGT 269.40