NATURAL GAS closed higher on Monday as it renews the rally off June's low. The highrange close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are bearish hinting that a shortterm top might be in or is near. If it extends the rally off June's low, the 38% retracement level of the 20112012decline crossing is the next upside target. Closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted.
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