Choice Commodity Research

Crude Oil Update U.S. crude production was largely steady in March at 13.7 million barrels per ​day, according to EIA. Crude ‌production in Texas fell to 5.78 million bpd, marking a four-month low, while output in neighboring New Mexico was steady on the month ​at 2.31 million bpd. Impact: Positive for Crude Oil. -Choice Broking

Sumeet Bagadia’s Desk:Sell SILVERMIC|30JUN26 in Commodity @ 270640.00 SL 272300.00 TGT 267320.00

Sumeet Bagadia’s Desk : Stopped Out @ 370...Buy in Commodity CRUDEOIL|16JUN26 CE 8600.00 @ 388.80 SL 370.00 TGT 426.40

News Update China introduced stricter rules on outbound investments, increasing scrutiny over exports of restricted goods, technology, services, and data, while expanding penalties and countermeasures against entities deemed harmful to Chinese interests. -Choice Broking

Copper Update Copper prices extended gains on expectations of US tariffs on refined imports, while tightening global supplies, sulfur shortages, lower Chinese output, and smelter maintenance further supported the bullish market outlook. -Choice Broking

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOIL|16JUN26 CE 8600.00

Sumeet Bagadia’s Desk : Book Part Profit @ 388...Buy in Commodity CRUDEOIL|16JUN26 CE 8600.00 @ 388.80 SL 370.00 TGT 426.40

Sumeet Bagadia’s Desk:Buy NATURALGAS|25JUN26 in Commodity @ 321.40 SL 319.00 TGT 326.20

Rupee Update The Indian rupee climbed to a three-week high near 94.7 per dollar, supported by RBI intervention. However, gains were capped by geopolitical tensions in the Middle East and uncertainty regarding US-Iran negotiations, which, alongside foreign portfolio outflows from Indian equities, capped appreciation. -Choice Broking

Sumeet Bagadia’s Desk:Buy CRUDEOIL|16JUN26 CE 8600.00 in Commodity @ 388.80 SL 370.00 TGT 426.40

*China RatingDog Manufacturing PMI* Actual: 51.8 Expected: 51.4 Previous: 52.2 Positive for Base metal. -Choice Broking

Geopolitical Update IRGC says it struck base used in US attack on Sirik Island in Hormozgan province. -Choice Broking

MCX CRUDEOIL prices open Gap up by +3% @8530 Natural Gas with +1%

Global Commodity Market Heatmap Global markets showed a mixed but broadly positive tone. U.S. equities gained, with the Nasdaq 100 (+0.47%), S&P 500 (+0.25%), and Dow Jones (+0.14%) closing higher, while Japan’s Nikkei 225 surged over 1%. Energy markets were strong as WTI crude oil (+2.55%), Brent crude (+2.12%), gasoline, heating oil, and natural gas all advanced. Among metals, copper and platinum rose, but gold fell 0.85% and silver was nearly flat. The U.S. dollar strengthened slightly, and bond prices weakened, indicating higher Treasury yields. Overall, risk sentiment remained positive, supported by gains in equities, energy, and industrial metals.

Sumeet Bagadia’s Desk : Exit @ 206.9...Sell in Commodity LEAD|30JUN26 @ 207.00 SL 207.60 TGT 205.80

*Geopolitical Update* United States President Donald Trump says the naval blockade of the Strait of Hormuz will be lifted and that he ‌would meet in the White House Situation ⁠Room to make ⁠a final ⁠decision ⁠on a deal with Iran. -Choice Broking

Sumeet Bagadia’s Desk : Exit @ 385.7...Buy in Commodity ALUMINIUM|30JUN26 @ 385.55 SL 384.8 TGT 387.05