Choice Commodity Research

Sumeet Bagadia’s Desk:Buy CRUDEOILM|16APR26 PE 8700.00 in Commodity @ 863.25 SL 769.65 TGT 1050.45

Sumeet Bagadia’s Desk : Book Part Profit @ 239898...Sell in Commodity SILVERMIC|30APR26 @ 242858 SL 246555 TGT 235464.00

Rupee Update The Indian rupee fell to a record low at 93 level against the US dollar, deepening losses driven by a disruption of global energy supplies amid the war in the Middle East, which threatens to upset the growth-inflation balance for Asia's third-largest economy. -Choice Broking

PBoC has kept its 1-year and 5-year Loan prime rates unchanged at 3% and 3.5% respectively

Sumeet Bagadia’s Desk:Sell SILVERMIC|30APR26 in Commodity @ 242858 SL 246555 TGT 235464.00

Dollar Update The dollar index hovered near 99 after losing more than 1% in the previous session, as hawkish signals from major central banks boosted rival currencies. The Fed, ECB, BOJ, BOE, RBA, and RBNZ all pointed toward tighter policy ahead. -Choice Broking

Calendar Spread Sumeet Bagadia's Desk: Sell NATURALGAS 26th Mar 1 lot @ 291.40 Buy NATURALGAS 27th Apr 1 lot @ 290.60 Spread : -0.80 SL: -4.10, TGT: 5.70 Max loss: 4125 Max Profit: 8125 Risk - Reward : 1 : 2 Margin Required: 66,235 Duration: 4 -6 days

Calendar Spread - NATURALGAS,Target - 5.70| Stop Loss - -4.10.Check out details:https://finx.choiceindia.com/research-report/research/option_strategy/report

Bullion Update Bullion prices rose due to short-covering and India's restrictions on studded jewellery imports, come into effect immediately and will remain operative until June 30. However, escalating Israel-Iran tensions, high energy prices, and hawkish central banks reduced rate-cut hopes, which in turn strengthened the dollar and exerted pressure on precious metals. -Choice Broking

Sumeet Bagadia’s Desk : Book Full Profit @ 4270...Sell in Commodity ELECDMBL|30MAR26 @ 4394 SL 4515 TGT 4152.00

Gold resumed gapped up by +2%, Silver by +3.30%

Update on the Strait of Hormuz Iran is considering imposing transit fees on ships passing through the Strait of Hormuz, as lawmakers propose tolls for security provision, signaling a potential strategic shift in control after ongoing regional conflicts. Impact: Positive for Commodity market. -Choice Broking

🌍 *Global Market Update* ◆ ⚔️ The Iran war and rising energy prices negatively impacted market sentiment. ◆ 🔥 Iran's attacks have reduced Qatar’s LNG capacity by 17% for potentially five years, threatening supply to Europe and Asia, according to QatarEnergy. ◆ ⚡ Energy market shocks led traders to reassess monetary policy amidst hawkish signals from major central banks. ◆ 🏦 The Federal Reserve maintained interest rates, signaling no cuts until inflation decreases, while the ECB, BOJ, and BOE also held rates steady but indicated tighter policy. ◆ 📊 Expectations for Fed easing have been pushed to 2027, with predictions of two rate hikes each from ECB and BOE this year. ◆ 🌐 The IMF cautions that sustained energy price increases could lead to higher inflation and lower economic growth. ◆ 📉 A drop in oil prices followed US President Trump's decision against deploying ground troops in the Middle East. ◆ 🛢️ The US may soon lift sanctions on Iranian oil at sea, possibly releasing around 140 million barrels to stabilize prices within 10-14 days, as stated by Treasury Secretary Scott Bessent. ◆ 🛑 Israeli Prime Minister Netanyahu announced no further strikes on Iranian energy infrastructure are planned. ◆ 🇨🇳 China’s central bank kept key lending rates at record lows for the tenth consecutive month, amidst inflation uncertainties due to tensions in the Middle East. ◆ 📉 China’s 2026 growth target is set at 4.5%–5%, marking its weakest since 1991 and indicating less urgency for broad stimulus measures. -Choice Broking

*Crude oil Update* Iranian attacks have knocked ‌out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, according to Qatar Energy's CEO Impact: Positive for crude oil. -Choice Broking

Sumeet Bagadia’s Desk : Exit @ 1050...Buy in Commodity CRUDEOILM|16APR26 CE 9200.00 @ 1014 SL 880 TGT 1282.00

Silver Update Silver plunged over 8% as Iran war volatility and hawkish central bank signals pressured markets. The Fed, ECB, BoJ, and BoE held rates but warned on inflation, delaying cuts. Markets now expect Fed easing by 2027 and additional ECB, BoE hikes. -Choice Broking

*Gold Update* Gold prices plunged over 5% due to Hawkish signals from major central banks and rising energy prices amid the Iran conflict drove losses, as policymakers delayed rate cuts and maintained a cautious stance on inflation. -Choice Broking

US Natural Gas Storage Actual : 35B Forecast : 39B Prev.: -38B Impact: Positive for NG

US New Home Sales Actual : 587K Forecast : 722K Prev: 745K Impact : Positive for Bullions