Bearish Trend Continues for Natural Gas Futures
Natural gas prices have been following a bearish trend in July, with two consecutive bearish inventory reports and only one bullish report. The latest trade idea suggests that it's likely to see more bearish trends.
The EEX CEGH VTP EGSI Natural Gas Week Futures contract for August 2026 is currently under scrutiny as traders await Thursday's inventory report. If the report comes in weak, current support levels may not hold.
According to Trading-Capital11, major monthly support for natural gas futures is around $2.50, but daily and weekly charts show minor support at current prices. The trader is personally waiting for a lower price to buy up this commodity.