Natural Gas closed lower on Wednesday and the low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are neutral to bearish hinting that additional weakness is possible near-term. If it extends last week's decline, the 50% retracement level of the December-January rally crossing is the next downside target. Closes above last Thursday's high crossing would temper the near-term bearish outlook in the market.
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