Natural Gas Futures Teeter on Edge of Bearish Move

Natural gas futures are on the cusp of a significant move as traders await Thursday's inventory report. The commodity has seen mixed results so far this month, with two bearish reports and one bullish report in July.

The price action for July has been trending downward, suggesting that natural gas is likely to continue its bearish trend. However, the Natural Gas Futures chart shows major monthly support at $2.50, a level that could be crucial if prices fall further.

Trading-Capital10 warns of potential weakness in Thursday's report and advises waiting for lower prices to buy up this commodity. The daily and weekly charts have some minor support at current levels, but their effectiveness remains uncertain.