Natural

Natural Gas closed lower overnight as it extends this week's cecline. Stochastics and the RSI are overbought but are neutral to bullish signalling that sideways to higher prices are possible near-term. If its extends this month's rally, the 87% retracement level of the October-December decline crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.

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