Natural Gas closed higher due to short covering on Tuesday as it consolidates some of the decline off this month's high. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends this month's decline, April's low crossing is the next downside target. Closes above the 10-day moving average crossing would confirm that a short-term low has been posted.
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