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Natural Gas closed lower on Wednesday ending a two-day short covering bounce off Monday's low. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are oversold and are turning neutral to bullish hinting that a low might in or is near. If it extends this year's decline, October's low crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted.