NATURAL GAS closed higher due to short covering on Friday. The highrange close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the multiyear decline, monthly support crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a shortterm low has been posted.
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