Natural Gas is trading at $2.203, 0.02% down since previous day close. The selling pressure can be seen in Natural gas prices maintaining the sideways momentum amid rise in supplies against the demand. Last week, the U.S EIA report showed a drop-down in Natural gas inventory levels by 72B same as an expected fall of 75B. The estimates dropped above the previous reading of -58B which indicates shortage in supplies against the demand. The changing weather conditions in European & US regions from colder to normal climate made the Natural gas prices weaker as well. As seen in the chart, the Natural Gas is strongly trading near previous lows of $2.200 which acts as major support level indicating for make-or-break situation on daily basis.

COPPER is trading at $8962.3, 0.02% up since previous close. The slight upside can be seen in copper prices as news spurred in that U.S First Citizen Bank might take over the SVB bank which boosted up the market sentiments. Earlier, the ruction in U.S & European banking sector accounted for heavy sell-off in copper prices. Last week, the Fed’s less hawkish stance of raising an interest rate by 25bps leading to 5.00% to 4.75% range as expected led the buying pressure in base metals & softened USD since both of them are inversely correlated. As seen in the chart, the Copper reversed up from MA (100) which shows the chances of strong upside if momentum prevails further. Buying on dips may be suggested for the day in Copper.