• Natural Gas already trades at elevated levels after constant attacks on Lebanon by Israel. 
• European Gas reserves are 94% full, though drawdowns are already being reported in Germany. 
• The US Dollar Index is under pressure as China’s stimulus plan leads to investors relocating parts of their investments. 

Natural Gas futures edge higher on Wednesday after a small pause in their rally the previous day. Heightened geopolitical tensions between Israel and Lebanon are still present, with supply concerns for Europe emerging as well on top. The underground Gas stockpile reserves in Europe are nearly 94% full, which is an excellent level, though more concerning is that the stockpiling is not picking up anymore and is even seeing some drawdowns locally, which triggers concerns for reserves over the winter. 

Meanwhile, the US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, is under selling pressure after the announcement of a massive stimulus plan from China, which improved the market mood. Additionally, weak economic data from the United States (US) also weighs on the Greenback. This Wednesday will be a very calm day regarding macroeconomic releases, with some minor housing data standing out. Moreover, this week's main events will be the US Q2 Gross Domestic Product (GDP) on Thursday and the US Personal Consumption Expenditures Price Index (PCE) release on Friday.