/

Natural Gas closed higher on Tuesday as it consolidates some of this month's decline. The mid-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this month's rally, weekly resistance crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.