Natural Gas closed lower on Tuesday as it extends the decline off July's high. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off this month's high, July's low crossing is the next downside target. Closes above the 20-day moving average crossing would temper the near-term bearish outlook.
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