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Commodities

Natural Gas Awaits Thursday's Inventory Report

Guavy AI Editorial Team
Instruments
Natural Gas
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Natural gas is poised to make its next move as an upcoming inventory report looms on Thursday. The commodity has seen mixed signals in July, with two bearish reports and one bullish report already released.

Price action for the month of July has been trending downward, suggesting a likely continuation of this trend. However, Trading-Capital8 notes that major monthly support is present at $2.50 on the Natural gas futures chart.

The daily and weekly charts also show minor support at current levels, but Trading-Capital8 expresses uncertainty about its ability to hold if Thursday's report comes in weakly.

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