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

Natural gas futures are setting up their next move as traders await Thursday's inventory report. The commodity has experienced two bearish reports and one bullish report this month, leading to a bearish trend in price action for July.

The Natural Gas Futures chart shows major monthly support around $2.50, while the daily and weekly charts have minor support at current levels. However, if Thursday's report comes in weak, these supports may not hold.

Trading-Capital10 is waiting for a lower price to buy up this commodity, suggesting that the best entry point has yet to come.