Commodities
Natural Gas Futures Await Thursday's Inventory Report
Natural gas futures are poised for their next move as investors await Thursday's inventory report.
Since the start of July, there have been two bearish reports and one bullish report, leading to a bearish trend in price action.
The Natural Gas Futures chart shows significant monthly support at $2.50, but minor supports on the daily and weekly charts may not hold if the upcoming report is weak.
According to Trading-Capital10, they are waiting for lower prices to buy into this commodity.