Natural Gas closed higher on Thursday as it extended this month's rally. The high range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are overbought but 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.
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