Natural Gas was lower overnight as it consolidates below key resistance marked by the 20-day moving average crossing. However, stochastics and the RSI are oversold and are turning bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off January's high, the 62% retracement level of the October-January rally crossing is the next downside target.