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

Natural gas futures are setting up for their next move as traders await the Thursday inventory report.

So far this month, there have been two bearish reports and one bullish report, which has contributed to a bearish trend in price action during July.

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-Capital10 is waiting for lower prices to buy up this commodity, citing concerns that a weak Thursday report could break through existing support levels.