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Choice International Ltd
Published on 03-11-2026 12:21 pm
Sumeet Bagadia’s Desk:Buy CRUDEOIL|17NOV26 CE 9300.00 in Commodity @ 478.70 SL 440.00 TGT 556.10
For Detailed Report With Disclaimer Visit. https://choicebroking.in/disclaimerSEBI Registration no.: INZ 000160131
Choice International Ltd
Published on 03-11-2026 12:21 pm
Sumeet Bagadia’s Desk:Sell ZINC|30NOV26 in Commodity @ 411.60 SL 412.20 TGT 410.40
For Detailed Report With Disclaimer Visit. https://choicebroking.in/disclaimerSEBI Registration no.: INZ 000160131
Choice International Ltd
Published on 03-11-2026 12:08 pm
*Natural gas Update*
The IEA forecasts global LNG supply will fall a record 3%, around 20 bcm, as Iran war disruptions restrict Gulf exports. Alternative production offsets some losses, but prolonged Strait of Hormuz disruptions threaten tighter global gas markets and intensified competition.
For Detailed Report With Disclaimer Visit. https://choicebroking.in/disclaimerSEBI Registration no.: INZ 000160131
Choice International Ltd
Published on 03-11-2026 12:01 pm
*Gold Update*
The World Gold Council expects India's 2026 gold demand to decline to 650 tonnes, the lowest since 2020, as elevated prices weaken jewellery and investment purchases. Q3 demand fell 29% year-on-year, though Diwali and weddings may support recovery.
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ICICI Direct
Published on 03-11-2026 11:47 am
Energy Outlook
• NYMEX crude oil is expected to face resistance near $100 and dip towards $94 as U.S and Iran explored a diplomatic solution to the eight-month conflict. Further, as per media reports, President Trump told Israeli Prime Minister Netanyahu that he wants to give diplomacy with Iran more time before resuming strikes on the country. Meanwhile, Persian Gulf states are steeling themselves for a heavy bombardment from Iran, that could trigger a cycle of retaliation. Additionally, global oil market tracker shows Persian Gulf exports are running at 14.3mb/d, while the effective flow of oil through the Strait of Hormuz has fallen to 56% of the pre-conflict normal and is trending lower. Meanwhile, reports of US attacks on Iran’s Qesham Island could bring uncertainty and limit downside in oil prices.
• MCX Crude oil November is expected to face resistance near Rs9400 and dip towards Rs8800 level.
• MCX Natural gas November is expected to face resistance near Rs280 level and dip towards Rs266 level
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