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NATURAL GAS closed higher on Thursday and the highrange close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off August's low, the 38% 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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