Natural Gas is trading at $2.067, 0.08% down since previous day close. The selling pressure can be seen in Natural Gas prices post release of U.S Energy Information administration (EIA) report which showed a rise in Natural gas storage levels of 54B higher than expectation 51B. Besides this, the falling Oil prices further pushed down the Oil substitute commodities. Last week, the U.S released in-line result as expectation wherein the inventory level rose to 79B from 75B in the previous week. The changing weather conditions in European & US regions affects the consumption demand of heating fuel like Natural gas. Slight selling pressure may be seen in Natural gas since the commodity is failing to cross-over the previous higher levels.

COPPER is trading at $8533.3, 0.09% down since previous close. The flat to lower side trading can be seen in copper prices as China revealed weaker than expected Caixin Services & Manufacturing PMI figures since China is a major consumer of base metals. How-so-ever, the Copper witnessed a positive start on Friday amid global cues. The FOMC hiked an interest rate by 25bps as expected; however, hinted for pause in monetary tightening decisions in the next meeting. The focus will be on U.S Nonfarm Payroll data release event today since it will affect the USD & commodities widely. As seen in the chart, the Copper slid down to previous lows which acts as a major support level & hence, the cautious trading can be seen for the day.