Commodities
Natural Gas Futures Prepare for Next Move Ahead of Inventory Report
Natural gas futures are setting up for their next move as the industry waits for Thursday's inventory report.
The month of July has seen two bearish reports and one bullish report, with price action following a bearish trend that suggests it may see more of the same.
The Natural gas futures chart shows major monthly support around $2.50, but the daily and weekly charts have only minor support at current levels.
Trading-Capital8 is waiting for lower prices to buy up this commodity, citing concerns that a weak Thursday report could break through current support.