July Natural Gas Prices Stumble Ahead of Thursday's Inventory Report

Natural gas prices have been trending downwards this month, according to analysis from Trading-Capital9. The analyst notes that for July so far, there have been two bearish reports and one bullish report on inventory.

The price action in July appears to be following a bearish trend, but the natural gas futures chart shows major monthly support around $2.50. However, the daily and weekly charts only show minor support at current levels, which may not hold up if Thursday's inventory report comes in weak.

Trading-Capital9 is personally waiting for a lower price to buy into this commodity.