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

The Natural Gas futures market is setting up for its next move as it approaches an upcoming inventory report on Thursday. The market has seen two bearish reports and one bullish report so far in July, with price action following a bearish trend. Analysts point to major monthly support around $2.50 on the Natural gas futures chart.

The daily and weekly charts have some minor support at current levels, but this may not hold up if Thursday's inventory report comes in weak. Trading-Capital11, an analyst, is waiting for lower prices to buy into the commodity.