Natural Gas closed higher due to short covering on Wednesday and the high range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near term. If it extends the decline off May's high, the 87% retracement level of this year's rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a short term low has been posted.