Natural Gas closed lower on Thursday as it extends the decline off June's high. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off July's high, the October 2010 low on the monthly continuation chart crossing is the next downside target. Closes above last Thursday's high crossing are needed to confirm that a short-term low has been posted.