Natural gas closed lower on Wednesday. The low range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near term. If it extends this month's rally, the 38% retracement level of the May-August decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a short term top has been posted.