Natural Gas Futures Eye Thursday's Inventory Report

Natural gas futures are setting up for their next move as the industry approaches Thursday's inventory report, according to Trading-Capital10. The report comes on the heels of two bearish reports and one bullish report in July.

The price action for natural gas this month has been following a bearish trend, which may continue if the upcoming report is weak. Major monthly support lies around $2.50, but the daily and weekly charts have only minor support at current levels.

Trading-Capital10 is personally waiting for lower prices to buy up natural gas, indicating a cautious approach to investing in this commodity.