Natural Gas closed lower on Wednesday and the low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off May's low, the 62% retracement level of the November-May decline crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.