Commodities
Natural Gas Prices Stuck in Bearish Trend Ahead of Thursday Report
Natural gas prices have been following a bearish trend in July, but traders are waiting for a potential buying opportunity.
According to Trading-Capital10, the market has seen two bearish inventory reports and one bullish report so far this month. The price action suggests that natural gas may continue its downward trend.
The Natural Gas Futures chart shows significant support around $2.50, which could be a key level for buyers to target.
Trading-Capital10 is personally waiting for lower prices before buying up the commodity, indicating caution in the market.