Natural Gas Futures Eye Thursday's Inventory Report
Natural gas futures are setting up for their next move as investors await this Thursday's inventory report.
The month of July has seen a mix of bearish and bullish reports, with two bearish reports already in the books.
Price action for July has been trending downward, suggesting that more bearish sentiment may be on the horizon.
The Natural Gas Futures chart indicates major monthly support around $2.50, but analysts are questioning whether this level will hold up to a weak Thursday report.