Natural Gas closed lower on Wednesday and below the 20-day moving average crossing tempering the near-term friendly outlook. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are overbought and are turning neutral to bearish signalling that sideways to lower prices are possible near-term. If it renews this month's rally, the 38% retracement level of the October-April decline crossing is the next upside target.