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

Natural gas futures are setting up for their next move ahead of Thursday's inventory report.

So far this month, two reports have been bearish and one has been bullish, following a bearish trend in price action for July.

The Natural Gas Futures chart shows major monthly support around $2.50, while the daily and weekly charts have some minor support at current levels.

However, Trading-Capital8 is personally waiting for lower prices to buy up this commodity, suggesting that the current level of support may not hold if Thursday's report comes in weak.