Natural Gas Futures Prepare for Pivotal Inventory Report

Natural gas futures are setting up for their next move ahead of Thursday's inventory report, which could significantly impact prices. The market has seen a bearish trend so far in July, with two negative reports and one positive one. Analysts are waiting for lower prices to buy the commodity, but it's unclear if current support levels will hold.

The monthly chart shows major support around $2.50, while daily and weekly charts have minor support at current levels. However, Thursday's report could change this dynamic, making it uncertain whether these supports will remain in place.