Natural Gas is trading at $2.654, 0.02% down since previous day close. The range-bound trading can be seen in Natural Gas prices amid mild change in demand & supply ratio. Last week, the U.S Energy Information Administration report showed a lesser build-up in Natural gas inventory levels by 18B against the expected rise of 36B. This signals for lower storage & supplies of the commodity & hence, made the prices to trade at higher levels. The frequent change in weather conditions in U.S & European regions affects the consumption demand of heating fuels & makes the commodity impulsive. As seen in the chart, the although the Natural Gas slid down till MA (10); yet it may show some sort of sustainability & hence, the dips may be considered as a buying opportunity.

COPPER traded at $8434 .3, 0.09% up since previous close. The buying pressure seems to be forming in copper prices amid positive global sentiments. The mixed USD ahead of the U.S inflation & NFP data release event due later in this week will remain significant for base metals since they are inversely correlated. On weekend, the China announced new measures to support the stock market & property sector which might increases the consumption demand of copper since China is a major consumer of base metals. Uncertain FOMC monetary outlook will be closely monitored on short term basis. As seen in the chart, the Copper seems to be sustaining the Moving Average of period 100 which indicates a make-or-break point on daily basis.