Natural Gas Bears Hold Ground as Thursday Inventory Report Looms

Natural gas prices have been on a bearish trend in July, with two consecutive negative inventory reports. However, one bullish report suggests that the commodity may be due for a turnaround.

The Natural Gas Futures chart shows significant monthly support at $2.50, but the daily and weekly charts offer only minor support at current levels.

Trading-Capital8 is waiting for lower prices to buy into natural gas, citing concerns that Thursday's inventory report may be weak.