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

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