Choice Commodity Research

Natural Gas Update Natural gas prices fell on profit booking, trimming previous gains surged due to West Virginia pipeline disruptions. Elevated LNG export demand, declining daily output, and shrinking storage surpluses continue to support overall market prices. -Choice Broking

Crude Oil Update MCX crude oil prices fell nearly 3% as potential US-Iran diplomatic talks over Persian Gulf exports eased supply fears. While earlier Houthi attacks on Saudi Arabia raised prices, high war-risk insurance costs and past failed negotiations limit market optimism. -Choice Broking

Crude oil resumed gapped down by -2%, NG down by -3.85%

Global Market Snapshot Global markets were mixed, with Asian and European equities mostly higher while US indices remained subdued. Crude oil prices declined, with WTI near $93.5 and Brent around $103.7, while natural gas and gasoline also weakened. Gold rose to $4,325, alongside gains in silver and platinum, whereas palladium, copper and aluminium remained under pressure while the dollar stayed firm.

Sumeet Bagadia’s Desk : Target Achieved @ 425.30...Buy in Commodity ZINC|30OCT26 @ 423.60 SL 423.00 TGT 424.80

Sumeet Bagadia’s Desk : Book Part Profit @ 424.10...Buy in Commodity ZINC|30OCT26 @ 423.60 SL 423.00 TGT 424.80

Geopolitical Update Iran’s foreign minister thanked Pakistan for its constructive mediation in US-Iran talks, while accusing Washington of repeatedly violating commitments. He said breaches of the Islamabad understanding have weakened mediation efforts, increased regional insecurity and tensions, and made the US responsible for the consequences. -Choice Broking

Sumeet Bagadia’s Desk : Book Full Profit @ 233490.00...Sell in Commodity SILVERMIC|30NOV26 @ 234724.00 SL 235700.00 TGT 232772.00

Sumeet Bagadia’s Desk:Buy ZINC|30OCT26 in Commodity @ 423.60 SL 423.00 TGT 424.80

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|25SEP26

Sumeet Bagadia’s Desk : Book Part Profit @ 305.50...Buy in Commodity NATURALGAS|25SEP26 @ 303.90 SL 302.00 TGT 307.70

Sumeet Bagadia’s Desk:Buy NATURALGAS|25SEP26 in Commodity @ 303.90 SL 302.00 TGT 307.70

Sumeet Bagadia’s Desk : Book Part Profit @ 233700.00...Sell in Commodity SILVERMIC|30NOV26 @ 234724.00 SL 235700.00 TGT 232772.00

Sumeet Bagadia’s Desk : Exit @ 150640.00...Sell in Commodity GOLDM|05OCT26 @ 150659.00 SL 150844.00 TGT 150289.00

US New Home Sales Actual : 684K Forecast: 615K Prev.: 607K Impact : Negative for Bullion