Natural Gas Futures Eye Thursday's Inventory Report

Natural gas futures are setting up for their next move as the market prepares for Thursday's inventory report, according to Trading-Capital10.

The past month has seen two bearish reports and one bullish report, with price action following a bearish trend in July.

Looking at the Natural Gas Futures chart, major monthly support is found around $2.50, while daily and weekly charts have minor support at current levels.

However, Trading-Capital10 is waiting for lower prices to buy up this commodity, suggesting that Thursday's report could be a turning point in the market.