Choice Commodity Research

*Copper Update* Copper futures slipped pausing a rebound as China demand slowed ahead of Lunar New Year. Supply risks persist, while energy transition, AI datacenters and a weaker dollar continue supporting prices, despite conservative mine output guidance globally. -Choice Broking

Dollar Update The dollar index stayed below 97 as China urged limits on US Treasuries, investors awaited US data, the Fed eyed rates with cuts, and the yen strengthened on intervention fears. -Choice Broking

*Global Update* • Bullion demand is supported by steady buying from China, reducing reliance on US Treasuries. • The dollar index is below 97, having dropped over 1% recently due to decreasing foreign demand for dollars. • Reports indicate China's financial regulators advised limiting US Treasury holdings to manage concentration risks. • US economic adviser Kevin Hassett predicts slower job growth due to weaker labor force and higher productivity. • One-year-ahead inflation expectations in the US fell to 3.1% in January 2026, down from 3.4% in December. • Tensions between the US and Iran continue, despite diplomatic progress, as Washington cautions US-flagged vessels to avoid Iranian waters, maintaining hedging demand. • India's recent purchases of Russian crude oil may be impacted by a new US trade deal that links it to a freeze on Russian oil imports, potentially influencing global oil prices if purchases halt. • The Japanese yen is around 155.7 per dollar, benefiting from capital inflows amid a surge of Japanese equities. • Political unrest in the UK escalated with the resignation of PM Keir Starmer's Chief of Staff amid controversies. • The US plans to reduce tariffs on Bangladesh to 19%, with exemptions for some textiles made with US materials. -Choice Broking

Crude Oil prices surged by +3.7% next hurdle may seen around 5930

Sumeet Bagadia’s Desk : Exit @ 159930...Buy in Commodity GOLDTEN|27FEB26 @ 159369 SL 157940 TGT 162227.00

Oil Update India's state-controlled refiners have suspended spot purchases of Russian crude following a U.S.-India trade deal that removes a 25% tariff imposed over such imports, potentially halving future Russian oil volumes in favor of U.S. energy products. Indian buyers prioritize energy security and diversification amid the economic benefits of the agreement, though official confirmation remains pending. -Choice Broking

Sumeet Bagadia’s Desk : Stopped Out @ 311.7...Sell in Commodity ALUMINIUM|27FEB26 @ 310.85 SL 311.7 TGT 309.15

Sumeet Bagadia’s Desk:Sell ALUMINIUM|27FEB26 in Commodity @ 310.85 SL 311.7 TGT 309.15

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOIL|17FEB26 CE 5700.00

Sumeet Bagadia’s Desk : Stopped Out @ 292...Sell in Commodity NATURALGAS|24FEB26 @ 289.9 SL 292 TGT 285.70

Sumeet Bagadia’s Desk:Sell NATURALGAS|24FEB26 in Commodity @ 289.9 SL 292 TGT 285.70

Sumeet Bagadia’s Desk : Book Full Profit @ 19.25...Buy in Commodity NATURALGAS|20FEB26 PE 280.00 @ 17.3 SL 15.8 TGT 20.30

Sumeet Bagadia’s Desk : Book Part Profit @ 238...Buy in Commodity CRUDEOIL|17FEB26 CE 5700.00 @ 218 SL 199 TGT 256.00

Sumeet Bagadia’s Desk : Target Achieved @ 323.45...Sell in Commodity ZINC|27FEB26 @ 325.15 SL 326 TGT 323.45

Sumeet Bagadia’s Desk:Buy CRUDEOIL|17FEB26 CE 5700.00 in Commodity @ 218 SL 199 TGT 256.00

Sumeet Bagadia’s Desk:Sell ZINC|27FEB26 in Commodity @ 325.15 SL 326 TGT 323.45

Sumeet Bagadia’s Desk : Book Part Profit @ 18.6...Buy in Commodity NATURALGAS|20FEB26 PE 280.00 @ 17.3 SL 15.8 TGT 20.30

Sumeet Bagadia’s Desk:Buy NATURALGAS|20FEB26 PE 280.00 in Commodity @ 17.3 SL 15.8 TGT 20.30