Natural Gas closed lower on Wednesday as it extends the trading range of the past four days. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends this winter's decline, weekly support crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted.