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Commodities

Natural Gas Price Action Points to Bearish Trend Ahead of Thursday Report

Guavy AI Editorial Team
Instruments
Natural Gas
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Natural gas is setting up its next move as it approaches an upcoming inventory report on Thursday. The commodity has had two bearish reports and one bullish report so far this month, with price action in July following a bearish trend.

The Natural Gas Day Futures chart shows significant monthly support around $2.50, but the daily and weekly charts have minor support at current levels. Trading-Capital9 is personally waiting for lower prices to buy up this commodity.

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