/ 

Natural Gas closed lower on Thursday renewing the decline off Monday's high. The low-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted. If it renews the rally off July's low, June's high crossing is the next upside target.