Natural Gas Futures Prepare for Next Move Ahead of Inventory Report

Natural gas is poised to make its next move as the market approaches an inventory report on Thursday. According to Trading-Capital10, the commodity has been following a bearish trend in July, with two bearish reports and one bullish report so far for the month.

The monthly support level for natural gas futures is around $2.50, which can be seen on the Natural gas futures chart. However, the daily and weekly charts show minor support at current levels, but it's unclear if this will hold up to a weak inventory report.

Trading-Capital10 is personally waiting for lower prices before buying natural gas, indicating that the commodity may have further room to drop before rebounding.