NATURAL GAS closed slightly higher due to short covering on Thursday as it consolidated some of this week's decline. The midrange close sets the stage for a steady opening on Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. If it extends this week's decline, the reaction low crossing is the next downside target. If it renews the rally off April's low, February's high crossing is the next upside target.
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