Natural Gas Markets Braced for Key Inventory Report

Natural gas markets are at a critical juncture as traders await the Thursday inventory report. The month of July has seen a mix of bearish and bullish signals, with two bearish reports outweighing one bullish report. This imbalance has contributed to a bearish trend in price action, suggesting further downward movement may be likely.

The PSV Natural Gas Daily Financial Futures chart indicates a major monthly support level around $2.50. While the daily and weekly charts show some minor support at current levels, analysts express skepticism about whether this support will hold if the upcoming report reinforces the bearish trend.