Commodities
Natural Gas Futures Eye Thursday's Inventory Report
Natural gas futures are setting up for their next move as traders await Thursday's inventory report.
The commodity has seen a bearish trend in July, with two bearish reports and one bullish report so far this month.
Price action for July suggests that the market may continue to follow a bearish trend, but there is major monthly support around $2.50.
Trading-Capital8 notes that the daily and weekly charts have some minor support at current levels, but it's uncertain whether this will hold up if Thursday's report comes in weak.