Natural Gas closed higher due to short covering on Wednesday as it consolidated some of last week's decline. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends last week's decline, this month's low crossing is the next downside target. Closes above the 10-day moving average crossing would temper the near-term bearish outlook.
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