Natural Gas on the Brink: Thursday Report Could Spark Next Move

Natural gas is on the cusp of its next significant move as an upcoming Thursday inventory report approaches, according to Trading-Capital10. For July so far, there have been two bearish reports and one bullish report.

The price action for natural gas has followed a bearish trend throughout the month, suggesting it may see more downward movement. The Natural gas futures chart shows significant monthly support around $2.50.

While the daily and weekly charts have some minor support at current levels, Trading-Capital10 expresses uncertainty about its ability to hold up against a weak Thursday report.