Choice Commodity Research

Sumeet Bagadia’s Desk : Book Part Profit @ 4301...Sell in Commodity ELECDMBL|30MAR26 @ 4394 SL 4515 TGT 4152.00

Sumeet Bagadia’s Desk : Book Part Profit @ 12...Buy in Commodity NATURALGAS|24MAR26 CE 300.00 @ 10.55 SL 8.5 TGT 14.65

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in ZINC|31MAR26

Sumeet Bagadia’s Desk:Buy NATURALGAS|24MAR26 CE 300.00 in Commodity @ 10.55 SL 8.5 TGT 14.65

Sumeet Bagadia’s Desk : Target Achieved @ 3075...Buy in Commodity GOLDM|26MAR26 PE 151000.00 @ 2157 SL 1700 TGT 3071.00

Sumeet Bagadia’s Desk : Book Part Profit @ 308.5...Sell in Commodity ZINC|31MAR26 @ 309.35 SL 310.3 TGT 307.45

Sumeet Bagadia’s Desk:Sell ZINC|31MAR26 in Commodity @ 309.35 SL 310.3 TGT 307.45

Sumeet Bagadia’s Desk : Target Achieved @ 244052...Sell in Commodity SILVERMIC|30APR26 @ 249632 SL 252400 TGT 244096.00

Sumeet Bagadia’s Desk : Book Part Profit @ 2483.5...Buy in Commodity GOLDM|26MAR26 PE 151000.00 @ 2157 SL 1700 TGT 3071.00

Sumeet Bagadia’s Desk:Buy GOLDM|26MAR26 PE 151000.00 in Commodity @ 2157 SL 1700 TGT 3071.00

Sumeet Bagadia’s Desk : Book Part Profit @ 247529...Sell in Commodity SILVERMIC|30APR26 @ 249632 SL 252400 TGT 244096.00

Natural Gas Update Natural gas surged over 4% after Iran airstrike on South Pars, the world’s largest gas field in response to retaliation and damage to Qatar’s Ras Laffan LNG hub. Supply risks increased as Iran contained fires but warned of strong retaliation amid escalating Middle East tensions. -Choice Broking

Crude Oil Update Crude Oil prices surged as Middle East energy attacks intensified, lifting prices up in WTI and Brent. Israel halted further strikes after retaliation hit Qatar’s LNG hub, and damage to Ras Laffan deepened supply fears globally and Strait of Hormuz risks rise with potential deployment of additional US troops under consideration to secure energy supply routes. -Choice Broking

Sumeet Bagadia’s Desk:Sell SILVERMIC|30APR26 in Commodity @ 249632 SL 252400 TGT 244096.00

Copper Update Copper prices fell as LME inventories hit 2019 highs, signaling weak demand, especially from China. Trade slowdown, Middle East tensions, rising energy prices, and Fed hawkish stance added pressure on metals markets, despite, China's copper exports nearly double in January-February from a year earlier. -Choice Broking

Dollar Update Dollar index trading towards at 100 level as Federal Reserve maintained a hawkish stance, citing inflation risks from the rising Iran tensions. Strong producer prices, rising oil, and Donald Trump easing transport rules supported sentiment. -Choice Broking

Bullion Update Bullion prices fell as Federal Reserve hawkish stance, rising inflation risks, and surging oil prices pressured metals. Strong US producer prices and Brent above $110 after Iran’s attacks on energy infrastructure further weighed on sentiment. -Choice Broking

Bank of Japan Interest Rate Update The Bank of Japan left its key short-term rate unchanged at 0.75% at its March 2026 meeting, keeping borrowing costs at their highest since September 1995. -Choice Broking

Global Market Update * Ongoing tensions in the Middle East have increased uncertainty regarding potential interest rate cuts this year. * Oil prices have risen, with Brent futures surpassing $110 per barrel, following missile strikes by Iran on a Qatari facility housing the largest LNG export plant. * The strikes signify a significant escalation and raise concerns over prolonged disruptions in oil and LNG traffic through the Strait of Hormuz, which is critical for global oil supply. * Trump asserted that there will be no further Israeli strikes on the South Pars Field unless provoked by Iran, while also stating the U.S. was unaware of the Israeli attack. * The U.S. central bank maintained its policy rate but indicated potential inflationary pressures due to the Iran conflict. * Despite indications of inflation concerns, the Fed projects one rate cut this year when inflation subsides. * U.S. producer prices increased more than anticipated in February. * The dollar strengthened in response to the Fed's hawkish outlook, staying above the 100 level. * To address supply chain issues, the U.S. will issue a 60-day waiver of the Jones Act and release 172 million barrels from strategic reserves. * The UN Maritime Body has called for emergency talks regarding shipping risks in the Gulf. * The U.K. government announced a 60% reduction in tariff-free steel imports, raising tariffs on excess imports to 50%, aligning with U.S. and EU trade measures amid rising global trade tensions. -Choice Broking