Natural Gas is trading at $2.388, 0.11% down since previous close. The downward momentum can be seen in Natural Gas prices despite bearish estimates released from U.S Energy Information Administration (EIA) report which showed a fall in Natural gas storage levels by 151B against the pervious figure of 91B. On contrary, the slow-down in Oil prices pressurized its substitutes like Natural gas. The changes in European regions & U.S may affect the consumption demand of heating fuels; further making commodities more vulnerable. As seen in the chart, the Natural gas crossed down the major support level of MA (200) & is hovering near previous lows which indicates make or break situation on daily basis. Wait & watch strategy may be suggested for the day.

Copper traded at $9018.3, 0.03% down since previous close. The slight correction can be seen in Copper prices & may open on lower note on Friday as well n account of strong USD ahead of the outcome of U.S Non-farm Payroll data which is to be issued today. Earlier, the soft USD after U.S FOMC hiked an interest rate by 25bps as expected on account of controlled inflation rate till now; may turn up bullish for base metals. The China posted better Manufacturing PMI which rose to 50.1 from 47.0 in prior month & the Non-Manufacturing PMI climbed to 54.4 from 41.6 previously. This increases the consumption demand of industrial metals like Copper & Silver. The cautious trading may be recommended for the day in Copper since the commodity is hovering near support level.