Natural Gas Futures Eye Thursday's Inventory Report Amid Bearish Trend

Natural gas futures are setting up for their next move ahead of this Thursday's inventory report. The commodity has been following a bearish trend since July, with two bearish reports and one bullish report so far in the month.

The price action suggests that natural gas may see more bearish trends, but there is some minor support at current levels on the daily and weekly charts. However, the major monthly support lies around $2.50, which could be a key level to watch.

According to Trading-Capital8, who shared their trade ideas on the ICEENDEX:PSL26V2026 chart, they are personally waiting for lower prices to buy into natural gas. This is likely due to concerns about Thursday's report coming in weak and potentially breaking through current support levels.