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