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Natural Gas closed higher on Thursday as it extends the rally off last week's low. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. If it renews the rally off December's low, the 50% retracement level of the June-October-decline crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted while opening the door for a decline.