Choice Commodity Research

Crude Oil Update Half of damaged capacity at Iran's South Pars gas field has been restored to production, the Oil Ministry's deputy planning minister told Fars News. Negative for Crude Oil. -Choice Broking

Natural Gas Update Natural gas prices rose as hot autumn weather forecasts signal extended air-conditioning demand across the South-Central region. Shrinking storage surpluses, robust power-sector usage, and surging European and Asian demand for US LNG exports are further driving market consumption. -Choice Broking

India S&P Global Manufacturing PMI (Sep) Actual: 55.7 Previous: 52.8 India S&P Global Services PMI (Sep) Actual: 55.8 Previous: 54.1 India Manufacturing & Services PMI (Sep) Actual: 56.50 Previous: 54.30 Positive for Rupee.

Sumeet Bagadia’s Desk : Stopped Out @ 445.00...Buy in Commodity CRUDEOIL|15OCT26 PE 8500.00 @ 465.80 SL 445.00 TGT 507.40

Sumeet Bagadia’s Desk:Buy CRUDEOIL|15OCT26 PE 8500.00 in Commodity @ 465.80 SL 445.00 TGT 507.40

Rupee Update The Indian rupee held steady at 95.6 per dollar, supported by lower crude prices, RBI intervention, and record FX reserves from diaspora deposits. However, ongoing foreign equity outflows of $25.87 billion this year continue to weigh on gains. -Choice Broking

Sumeet Bagadia’s Desk:Buy SILVERMIC|30NOV26 in Commodity @ 242520.00 SL 241100.00 TGT 245360.00

Sumeet Bagadia’s Desk:Buy ZINC|30SEP26 in Commodity @ 432.20 SL 431.30 TGT 434.00

Sumeet Bagadia’s Desk : Exit @ 287.60...Buy in Commodity NATURALGAS|25SEP26 @ 285.00 SL 261.00 TGT 333.00

Global Market Snasphot Global markets were mixed, with US equities largely steady while the Dow edged higher and the Nasdaq slipped marginally. Treasury yields rose across the curve, with the 10-year near 4.97%. Crude prices declined, with WTI around $89.91 and Brent near $98.72, while natural gas gained 1.85%. In metals, gold fell 0.10% to $4,371.90, while silver rose 0.64% to $66.96; aluminium gained 1.41%, whereas platinum and copper were slightly lower. The dollar index held near 100.39.

*Sumeet Bagadia's Desk: Book Part Profit in NATURALGAS strategy* Approx. Profit of Rs. 2375 at cmp.

*Geopolitical Update* Trump said the US is pushing Russia and Ukraine toward a faster peace process. He called for fundamental change in Cuba, warned Iran of two possible outcomes,reach and agreement with Iran or send Iran to hell and also said a Greenland agreement would give the US control and establish two major military bases.

US Richmond Manufacturing Index Actual : -2 Forecast : 2 Prev.: 2 Impact : Negative for Base metals

Sumeet Bagadia’s Desk : Stopped Out @ 4.47...Buy in Commodity COPPER|23SEP26 CE 1420.00 @ 5.83 SL 4.50 TGT 8.49

Sumeet Bagadia’s Desk : Stopped Out @ 152469.00...Buy in Commodity GOLDM|05OCT26 @ 152735.00 SL 152490.00 TGT 153225.00

Sumeet Bagadia’s Desk : Exit @ 240735.00...Buy in Commodity SILVERMIC|30NOV26 @ 240360.00 SL 238900.00 TGT 243280.00