Natural Gas Futures Teeter on Monthly Support Ahead of Inventory Report

Natural gas futures are setting up for their next move as investors await Thursday's inventory report.

The commodity has seen two bearish reports and one bullish report this month, with price action following a bearish trend in July.

The Natural Gas Futures chart shows significant monthly support around $2.50, but daily and weekly charts have only minor support at current levels.

Trading-Capital9 is waiting for lower prices to buy up the commodity, suggesting that Thursday's report may lead to further weakness in the market.