Natural Gas is trading at $2.646, 0.11% down since previous day close. The corrective phase continued to be seen in Natural Gas prices since last week after testing $3.00 levels previously. The strong rise in demand against the supplies on account of frequent change in weather conditions in U.S & European regions; which increases the consumption demand of heating fuels like Natural gas led a rally in prices. The U.S Energy Information Administration (EIA) report showed a built-up in Natural gas inventory level by 29B higher than previous figure of 14B which indicates more storage & hence, dragged down the prices. As seen in the chart, the commodity may slide down to MA (100) if downside prevailed further & hence, slight correction may be noticed for the day.

COPPER traded at $8158 .3, 0.26% down since previous close. The Copper seems to be trading on lower side since last few sessions amid slowdown in Chinese economic & industrial conditions; for China is a major consumer of base metals. The traders & investors waits for the FOMC Minutes release event due today; which cushioned the USD & weakened the metals; since they are inversely correlated. Last week, the U.S banned technology investments in China which escalated the U.S & China trade tension & hence, weakened the prices. As seen in the chart the Copper is trading near major support level of previous lows & hence, the make-or-break situation can be seen further for the day. Slight selling bias may be suggested for the day in copper.