Natural Gas Futures Eye Thursday's Inventory Report

Natural gas futures are setting up for their next move as investors await Thursday's inventory report.

For the month of July, there have been two bearish reports and one bullish report so far.

The price action for July has been trending downward, suggesting a continuation of this bearish trend. However, major monthly support is present around $2.50 on the Natural gas futures chart.

The daily and weekly charts do show some minor support at current levels, but it remains to be seen if these will hold up if Thursday's report comes in weak.