Commodities
Natural Gas Futures Set Up for Next Move Ahead of Inventory Report
Natural gas futures are setting up for their next move as the industry awaits Thursday's inventory report. So far this month, natural gas has seen two bearish reports and one bullish report.
The price action in July has been following a bearish trend, suggesting it may continue in this direction.
The Natural Gas Daily Futures chart shows major monthly support around $2.50, but the daily and weekly charts have only minor support at current levels.