Natural Gas closed lower on Monday as it extends the decline off January's high. The low-range close sets the stage for a steady to lower opening on Tuesday. 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.
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