Natural Gas closed lower due to short covering on Wednesday as it consolidates some of the rally off this month's low. The low-range close sets the stage for a steady to lower opening on Thursday. 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.