Natural Gas is trading at $2.462, 0.12% down since previous day close. The selling pressure can be seen in Natural gas prices ahead of the release of U.S EIA report with a hope of a build-up in Natural gas storage level by 36B. Last week, the report showed a rise in Natural gas inventories by 35B in line with expectation. This signaled more storage & supplies of the commodity & hence, lowered down the prices.  The change in weather conditions in U.S & European regions decreases the consumption demand of heating fuels & led slight sell-off in the prices. As seen in the chart, the Natural Gas crossed down the long-term MA (100) which acts as a major support level & hence, selling bias may be recommended for the day if downside prevailed further.

COPPER traded at $8379 .3, 0.09% down since previous close. The mixed trading can be seen in copper prices on Thursday against steady USD ahead of the U.S Jackson Hole Symposium speech beginning from Friday. Earlier, the prices weakened to some extent as the Chinese PBoC cut-down key rates lower than expectations which signaled for slow-down in economic conditions & this may limit down the consumption demand of copper since China is a major consumer of base metals. However, ongoing stimulus talks in China will remain significant for copper prices. As seen in the chart, the Copper took a support of previous lows & formed double bottom; still seems to be resisting the crucial level of MA (100). Wait & watch strategy may be build-up for the day in copper.