Trading Outlook for PSV NATURAL GAS MONTH Futures Ahead of Key Inventory Report

Natural gas futures are poised to make their next move as traders await Thursday's inventory report. The recent trend has been bearish, with two bearish reports and one bullish report already in July.

While there is minor support on the daily and weekly charts at current levels, Trading-Capital9 believes that it may not hold up if the upcoming report comes in weak. In fact, they are personally waiting for a lower price to buy up this commodity.

The Natural gas futures chart shows major monthly support around $2.50, which could be an important level to watch in the coming days.