NATURAL GAS closed higher due to short covering on Wednesday. The highrange close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible nearterm. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it extends the rally off August's low, the 50% retracement level of the 20112012decline crossing is the next upside target.
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