Natural Gas closed lower on Thursday as it extends the decline off May's high. The midrange close sets the stage for a steady opening on Friday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near term. If it extends the aforementioned decline, the June 2012 low crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a short term low has been posted.