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NATURAL GAS closed slightly lower on Thursday and the lowrange 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 nearterm. If it extends the decline off this month's high, the 38% retracement level of the AugustOctober rally crossing is the next downside target. If it renews the rally off August's low, the 50% retracement level of the 20112012decline crossing is the next upside target.

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