Natural Gas is trading at $2.735, 0.29% up since previous day close. The Natural gas surges on higher side post release of U.S Energy Information Administration (EIA) report which 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. Also, the change in weather conditions in U.S & European regions turning colder than normal which increases the consumption demand of heating fuels like Natural gas. Globally, uncertain Fed monetary stance will remain vital for energy commodities. As seen in the chart, the Natural Gas took a support at $2.300 levels & seems to be reversing upside. Buying on lower side may be recommended for the day.

COPPER traded at $8532.3, 0.27% up since previous close. The Copper opened on higher side on Friday after China unveiled the plan to offer stimulus measures to Beijing in order to support economic growth; for China is a major consumer of metals. On global front, the steady US Dollar Index as traders & investors wait for U.S FOMC meeting which is to be held next week; with a hope of 25 bps rate hike stance made the commodities stronger. Earlier in this week, the China posted weaker GDP figure which indicates slower economic progress & may hamper the consumption demand of industrial metal like copper. As seen in the chart, the Copper reversed up from MA (10) & MA (20) which indicates buying bias on lower side for the day.