Natural Gas is trading at $2.493, 0.01% up since previous close. The slight upside can be seen in Natural gas prices post release of U.S Energy Information Administration (EIA) report which showed a draw-down of 100B in Natural gas inventories against expected fall of 97B. Earlier, the prices hovered near multi-year lower levels against the strong USD as higher U.S NFP data & inflation data arouses the chances of aggressive rate hikes in the next Fed meeting. The climatic changes in European regions & U.S may affect the consumption demand of heating fuels. The decline in Oil prices suppresses its substitutes as well. As seen in the chart, the Natural gas is still hovering near previous lows hinting the cautious trading approach for the day.

Copper traded at $9030.3, 0.13% up since previous close. An upside formed in Copper prices; how-so-ever, the commodity is expected to open on slightly negative side on Friday amid selling pressure in global commodities. The steady USD after U.S issued higher CPI & PPI data turned out to be positive for USD & negative for commodities. Earlier, the Copper showed a bullish trend as economic conditions in China seems to be improving which may retain consumption demand of Copper since China is a major consumer of base metals. The traders are susceptible over forthcoming FOMC’s monetary policy meeting since the recent U.S NFP figures has shown good improvement in employment figures. Buying on lower side may be recommended for the day in Copper.