Commodities
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 they approach Thursday's inventory report.
In July, the commodity has seen a bearish trend with two negative reports and one positive one.
The price action in July indicates that natural gas may continue to follow this bearish trend, but there is some support on the charts at $2.50 on a monthly basis.
Trader Trading-Capital9 is waiting for lower prices before buying up the commodity.