Natural Gas is trading at $9.217, 0.03% down since previous day close. The Natural Gas prices slightly retreated post release of Energy Information Administration (EIA) report which showed a rise in Natural gas inventory level by 61B against expectation of 58B. This indicates more supplies against the steady demand. Earlier, the commodity tested above $9.00 levels amid low supplies & export side across the globe. The change in climatic conditions in U.S & European regions lowered down the consumption demand of heating fuels like Natural gas. As seen in the chart, the commodity is trading near major resistance of previous highs. Wait & watch strategy may be recommended for the day.

US100 is trading at 12295.3, 0.02% down since previous day close. The mixed trading can be seen in US markets amid steady USD ahead of result of U.S Non-farm Payroll which is to be issued today.  Earlier, the investors expect a 75bps rate hike stance in ECB meeting which is to be held in September which slightly cushioned the index US100. The U.S ISM Manufacturing PMI climbed to 52.8 against the expectation 52.1 which created positive sentiments amongst the traders to some extent. The result of Factory Orders data will be closely monitored today. As seen in the chart, the US100 is trading below the short term Moving Averages; however RSI line is on the verge of reversing from lower level 30. Buying on dips may be recommended for the day.

USD/CAD is trading at 1.31481, 0.11% down since previous day close. The selling pressure continued to be seen in Canadian Dollar against the USD as market waits for the result of U.S NFP data release today. The Canada issued soft Manufacturing PMI data which dropped to 48.7 from 52.5 in the previous month. Besides this, the selling bias in Oil prices weakened the CAD since they share direct correlation. Earlier, the 75bps rate hike can be seen in future curse of time; as hinted by FOMC Chair in Jackson Hole Symposium speech which widely dragged down the major currencies. As seen in the chart, the pair is trading near the upper trend-line of channel pattern showing the sign of bearishness in CAD against the USD.