Natural Gas is trading at $2.753, 0.31% up since previous close. The Natural gas prices saw a strong upside trend for consecutive five trading sessions with heavy trading volume. The commodity seems to be bottoming out at previous lows of $2.00 which indicates the accumulation of buying positions at lower levels. The U.S Energy Information Administration (EIA) report showed a fall in Natural gas inventory levels by 71B higher than expected fall of 60B. This indicates shortage in supplies against the steady demand & hence, pushed up the prices. The change in climatic conditions in European regions & U.S will determine the trend in heating fuels like Natural gas. Buying on correction may be recommended for the day in Natural Gas.

Copper traded at $8958.3, 0.23% up since previous close. An upward momentum can be seen in Copper prices against the soft USD after U.S issued weaker than expected Consumer Confidence data. Besides this, the Copper is expected to open on higher note on Wednesday as China posted better OMI figures which indicates progressive manufacturing & industrial activities in China. This may revive consumption demand of Copper & hence, the commodity may get expensive in near. Earlier, the commodity soared down after the FOMC Minutes showed aggressive rate hikes in the next Fed meeting. As seen in the chart, the Copper slid down till Fibo level 38.2 which acts as a major support level & hence, a reversal can be seen if sustained. Buying on dips may be recommended for the day.