NatGas Futures Eye Next Move Ahead of Inventory Report

Natural gas futures are setting up for their next move ahead of Thursday's inventory report. The commodity has had two bearish reports and one bullish report so far this month, with price action in July following a bearish trend.

The natural gas futures chart shows major monthly support around $2.50, with the daily and weekly charts also showing minor support at current levels. However, according to Trading-Capital10, the current support may not hold if Thursday's report comes in weak.

Trading-Capital10 is personally waiting for a lower price to buy up natural gas, suggesting that it may be time to accumulate this commodity at a more favorable level.