Choice Commodity Research

Crude Oil Update Crude Oil prices rose over 1% as renewed US-Iran fighting threatened the ceasefire and delayed Hormuz reopening, while both nations accused each other of violating the truce. -Choice Broking.

Sumeet Bagadia’s Desk : Exit @ 1309.5...Buy in Commodity COPPER|29MAY26 @ 1308.6 SL 1306.6 TGT 1312.60

Sumeet Bagadia’s Desk:Buy COPPER|29MAY26 in Commodity @ 1308.6 SL 1306.6 TGT 1312.60

Geopolitical Update President Donald Trump has given the European Union (EU) a 4 July deadline to drop its levies on the US to zero, or "much higher" tariffs would be introduced. -Choice Broking.

Global Commodity Market Heatmap Global markets were mixed, with US indices trading higher while European equities declined. Energy markets stayed firm as WTI crude rose above $95 and Brent crude climbed above $101 amid ongoing supply concerns. Precious metals remained stable, with gold holding near 4721 and silver around 80. Industrial metals were softer, with copper and palladium under pressure. In soft commodities, cocoa surged over 7%, while coffee, orange juice, and sugar weakened sharply. Grain markets were mostly steady with slight gains in wheat and soybean oil. The US dollar index strengthened near 98.14, while Volatility edged higher with the VIX near 19.

*Crude Oil moved up by +5.5% from its day low, resistance may seen around 9100*

*👉Read Choice Broking's detailed Analyst View On:* https://www.livemint.com/market/commodities/can-gold-prices-outperform-silver-amid-weak-global-macroeconomic-outlook-11778142979916.html *-Kaveri More, Commodity Analyst, Commodity technical research at Choice Broking*

*US Natural Gas Storage* Actual : 63B Forecast : 72B Prev.: 79B Impact: Positive for NG

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in NATURALGAS|22MAY26 PE 250.00

Sumeet Bagadia’s Desk : Stopped Out @ 2950...Buy in Commodity GOLDM|29MAY26 CE 153000.00 @ 3164 SL 2950 TGT 3592.00

Sumeet Bagadia’s Desk : Update on Book Part Profit : Exit at cost in CRUDEOILM|18MAY26

Sumeet Bagadia’s Desk:Buy GOLDM|29MAY26 CE 153000.00 in Commodity @ 3164 SL 2950 TGT 3592.00

*US Unemployment Claims* Actual : 200K Forecast : 205K Prev.: 189K Impact: Negative for Bullion

Sumeet Bagadia’s Desk : Book Part Profit @ 8526...Sell in Commodity CRUDEOILM|18MAY26 @ 8645 SL 8800 TGT 8335.00

Sumeet Bagadia’s Desk : Book Part Profit @ 8.85...Buy in Commodity NATURALGAS|22MAY26 PE 250.00 @ 7.85 SL 6.6 TGT 10.35

Sumeet Bagadia’s Desk:Sell CRUDEOILM|18MAY26 in Commodity @ 8645 SL 8800 TGT 8335.00

Bullion Update Perth Mint’s gold product sales climbed 6% to 46,106 ounces in April from the previous month, while silver sales nearly halved to hit an eight-month low to 496,212 ounces, the refiner said. -Choice Broking.