Natural Gas Futures Set Up for Next Move Ahead of Inventory Report

Natural gas futures are setting up for their next move as they approach Thursday's inventory report. So far in July, there have been two bearish reports and one bullish report.

According to the chart, price action has followed a bearish trend this month and appears likely to continue doing so.

The Natural gas futures chart shows major monthly support around $2.50, but the daily and weekly charts only have minor support at current levels.

Trading-Capital8 is waiting for lower prices before buying the commodity, citing concerns that a weak Thursday report could break through current support levels.