Natural Gas Prices Stalled Ahead of Crucial Inventory Report

Natural gas prices are setting up for their next move as investors await Thursday's inventory report. According to Trading-Capital10, this month has seen two bearish reports and one bullish report so far.

The price action in July appears to be following a bearish trend, which could continue if the upcoming report is weak. 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-Capital10 is personally waiting for lower prices before buying up this commodity. With the uncertainty surrounding Thursday's inventory report, investors should be cautious of their positions in Natural gas futures.