Natural Gas closed higher due to short covering on Friday and consolidated the decline off June's high. The mid-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain 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.