Natural Gas Market Braces for Thursday's Inventory Report

Natural gas futures are preparing for their next move as an upcoming inventory report on Thursday is expected to provide crucial insights.

The month of July has seen a mixed bag, with two bearish reports and one bullish report. This conflicting data has led to a bearish trend in price action, which may continue if the Thursday report comes out weak.

The Natural Gas futures chart shows significant monthly support around $2.50, but the daily and weekly charts have minor support at current levels. If the Thursday report disappoints, this support could be tested.