NATURAL GAS closed lower on Monday and the midrange close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off July's high, the 62% retracement level of the AprilJuly rally crossing is the next downside target. Closes above the 20day moving average crossing would temper the nearterm bearish outlook.
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