Natural Gas Futures Gear Up for Next Move Ahead of Thursday's Inventory Report

Natural gas futures are poised to make their next move as traders await Thursday's inventory report. Since July began, there have been two bearish reports and one bullish report.

Price action for July has been trending downward, suggesting that more bearish trends may follow. A key level of support on the Natural Gas futures chart is around $2.50, which could play a crucial role in determining the market's direction.

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