Natural Gas closed lower due to profit taking on Wednesday as it consolidated some of Monday's rally. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. Multiple closes above Tuesday's high crossing are needed to confirm that a low has been posted. If it renews this winter's decline, weekly support crossing is the next downside target.
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