Natural Gas closed lower on Thursday and renewed the decline off June's high. The low-range close sets the stage for a lower opening on Friday. Stochastics and the RSI are bearish signalling that additional weakness is possible near-term. If it extends the aforementioned decline, the reaction low crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
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