Choice Commodity Research

USDINR fall 0.52paisa from day high @ 95.77

Sumeet Bagadia’s Desk:Buy COPPER|29MAY26 in Commodity @ 1349.6 SL 1347 TGT 1354.80

Sumeet Bagadia’s Desk : Exit @ 369.15...Buy in Commodity ZINCMINI|29MAY26 @ 370.45 SL 369.1 TGT 373.15

Sumeet Bagadia’s Desk : Stopped Out @ 387.85...Buy in Commodity ALUMINIUM|29MAY26 @ 388.9 SL 388 TGT 390.70

Sumeet Bagadia’s Desk : Stopped Out @ 702...Buy in Commodity CRUDEOIL|16JUN26 PE 9300.00 @ 728 SL 702 TGT 780.00

Sumeet Bagadia’s Desk:Buy ALUMINIUM|29MAY26 in Commodity @ 388.9 SL 388 TGT 390.70

Aluminium Update China’s aluminium output fell 3% month-on-month to 3.7mt in April, though year-to-date rose 1.6% year-on-year. Production also declined in Europe by 3% and in Asia ex-China by 3.1% month-on-month. Impact: Positive for Aluminium. -Choice Broking

Crude Oil Update Crude Oil prices rose as investors doubted a U.S.-Iran breakthrough, with disputes over uranium stockpiles and Strait of Hormuz controls unresolved. Tehran said gaps narrowed, while Rubio cited good signs but rejected any toll proposal there. -Choice Broking

Copper Update Zambia’s Konkola Copper Mines resumed mining at its Chingola “B” Mine, 18 years after operations ceased, as Africa’s second-largest copper producing nation pushes to more than triple its annual output to 3 million tons by 2031. Impact: Slightly negative for copper. -Choice Broking

Sumeet Bagadia’s Desk:Buy ZINCMINI|29MAY26 in Commodity @ 370.45 SL 369.1 TGT 373.15

Crude Oil Update OPEC+ members are expected to approve a modest increase of about 188,000 barrels per day for July at their June 7 meeting, despite ongoing Iran war disruptions affecting several producers’ deliveries. Impact: Negative for crude oil. -Choice Broking

Rupee Update The rupee hovered near 96.2 per dollar after a nine-session fall, supported by RBI dollar sales and softer crude. However, dollar strength and weak Asian currencies keep sentiment cautious, with import demand likely limiting gains. -Choice Broking

Sumeet Bagadia’s Desk:Buy CRUDEOIL|16JUN26 PE 9300.00 in Commodity @ 728 SL 702 TGT 780.00

Bullion Update Gold prices steady amid mixed US-Iran peace negotiation signals, keeping investors cautious on inflation and interest rate outlook, while uranium and Strait of Hormuz control disputes and US rejection of proposals weighed on sentiment. -Choice Broking

Natural Gas Update Natural gas prices declined as US storage rose by 101 bcf above expectations and LNG export flows weakened due to maintenance activity. However, moderate to light weather in U.S. limit upside. -Choice Broking

Global Commodity Market Heatmap Global markets traded mostly higher, supported by gains in equities, crude oil, and industrial commodities. The Nikkei surged 1.57%, while US indices also advanced modestly. Brent and WTI crude prices climbed over 1%, reflecting stronger energy sentiment. Copper and coffee gained, whereas gold, silver, and cocoa declined. Grain markets remained weak, with wheat and corn lower. Livestock futures saw sharp losses, while the US dollar stayed largely stable amid moderate market volatility.

Sumeet Bagadia’s Desk : Book Full Profit @ 158950...Buy in Commodity GOLDM|05JUN26 @ 158618 SL 158343 TGT 159168.00

Sumeet Bagadia’s Desk : Book Part Profit @ 158850...Buy in Commodity GOLDM|05JUN26 @ 158618 SL 158343 TGT 159168.00