Natural Gas closed sharply higher on Thursday and above the 10-day moving average crossing signalling that a low has likely been posted. 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 to bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.
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