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Commodities

Natural Gas Sees Bearish Trend Ahead of Thursday Inventory Report

Guavy AI Editorial Team
Instruments
Natural Gas
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Natural gas is poised to make its next move as it approaches an inventory report on Thursday. According to Trading-Capital9, the commodity's price action in July has been following a bearish trend.

The Natural Gas Futures chart shows major monthly support around $2.50. However, minor supports at current levels on the daily and weekly charts may not hold if the upcoming report comes in weak.

Trading-Capital9 is waiting for lower prices to buy up this commodity, citing the bearish trend and potential weakness of the Thursday report.

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