Natural Gas is trading at $2.163, 0.02% up since previous day close. The flat to higher side trading can be seen in Natural gas prices as demand grows up against the steady supplies. Earlier, the slowing demand of Oil & other energy products against the strong US Dollar led weakness in Natural Gas. Last week, the U.S Energy Information Administration showed a drop-down in Natural Gas inventory level by 23B lower than the previous week fall of 47B. This indicates shortage in supplies of commodity for the week. The changing weather conditions in European & US regions from colder to normal climate made the consumption demand of heating fuels lower & Natural gas prices weaker as well. Wait & watch strategy may be build-up for the day in Natural gas.

COPPER is trading at $8836.3, 0.09% up since previous close. The Copper is expected to open on higher side on Tuesday after remaining shut for last two trading sessions. The better-than-expected Chinese CPI & PPI data may turn out to be positive for copper prices since China is a major consumer of metals. However, the steady USD as U.S issued better than expected NFP figures & may raise the chance of higher rate hikes in near future & the growing tension between U.S & China over Taiwan may affect the consumption demand of metals. As seen in the chart, the Copper is firmly trading within the Fibo levels 23.6 & 38.2 which indicates the chances of either side breakout. Slight buying bias may be established for the day in Copper.