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Natural Gas closed higher due to short covering on Friday as it consolidates above the 87% 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 oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends last week's decline, December's low crossing is the next downside target.