Natural Gas closed sharply higher due to short covering on Thursday as it consolidates some of this month's decline. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are oversold and are turning neutral hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted. If it resumes this week's decline, the reaction low crossingis the next downside target.
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