Natural Gas is trading at $2.677, 0.11% up since previous day close. The mixed trading can be seen in Natural Gas prices ahead of the release of U.S Energy Information Administration report with an expectation of a rise in Natural gas inventory levels by 12B much lower than previous reading. Last week, the report showed a build-up in Natural Gas inventory levels by 41B lower than previous week’s figure of 49B. This indicates shortage in storage & supplies levels & hence, prices moved up. The change in weather conditions in U.S & European regions; turning colder than normal increases the consumption demand of heating fuels like Natural gas. Buying on lower side may be recommended for the day in Natural Gas since the commodity is still trading above the MA (10) & MA (20)

COPPER traded at $8619.3, 0.09% up since previous close. The Copper opens on a higher note on Thursday amid soft USD on account of Fed’s expected move of 25bps rate hike stance. The Fed Chair stated that U.S economy may not face the recession in near future which may support the Copper; for this may retain the consumption demand of industrial metals. Optimism looms over ongoing Chinese stimulus talks in order to support economic growth which may turn out to be supportive for copper prices; since China is a major consumer of metals. The declining Copper stocks level at (LME) made the commodity expensive. As seen in the chart, the Copper is expected to take a support of MA (10) & hence, buying on lower side may be recommended for the day.