PSV Natural Gas Futures Eye Key Support Level Ahead of Inventory Report

Natural gas futures are setting up for their next move as investors await Thursday's inventory report. The commodity has seen a bearish trend in July, following two consecutive bearish reports and one bullish report so far this month.

The price action for July indicates that the natural gas futures chart may continue to follow a bearish trend, but there is still support at major monthly levels around $2.50.

However, daily and weekly charts show minor support at current prices, which may not hold if Thursday's report comes in weak.