Natural Gas closed lower on Monday and is poised to extend the decline off June's high. The mid-range close sets the stage for a steady opening on Tuesday. Stochastics and the RSI remain 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 the reaction high crossing are needed to confirm that a short-term low has been posted.
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