NATURAL GAS closed lower on Friday and the midrange close sets the stage for a steady opening on Monday. Stochastics and the RSI are diverging but are bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off August's low, the 50% retracement level of the 20112012decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
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