Mcx Natural gas prices posted 18 months high on Forecasts for warmer than normal temperatures across most parts of U.S. in the days ahead and high demand for gas-fired power throughout September. Any close above 201(Sept futures) in today’s trade we expect prices to rally further and test 210 levels cmp 202.2
Metals prices trading steady as markets awaited the start of the U.S. Federal Reserve’s September policy meeting. Speculation of an interest rate increase in September has driven the U.S. dollar in recent weeks, which can weigh on dollar-denominated commodities as the currency strengthens. Traders will be watching for the release of the Fed’s monetary policy decision when the meeting concludes at 11.30 PM IST on Wednesday.