/

Natural Gas closed higher on Friday and tested the 62% retracement level of the December-January rally crossing. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bearish signalling that sideways to higher prices are possible near-term. If it extends this week's decline, the 75% retracement level of the December-January rally crossing is the next downside target.