Natural Gas Futures Set for Next Move Ahead of Inventory Report

Natural gas futures are on the verge of their next move as traders await Thursday's inventory report. According to Trading-Capital9, two bearish reports and one bullish report have already been released for July.

The price action for natural gas in July has been trending downwards, suggesting it may continue on this path. However, a major monthly support level is present at $2.50, which could provide a potential buying opportunity if the price drops further.

Trading-Capital9 advises waiting for lower prices to buy up the commodity, indicating that they believe the current levels may not hold if Thursday's report comes in weak.