Natural Gas closed lower on Thursday as it consolidated some of the rally off last week's low. The low range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI are turning neutral hinting that sideways to lower prices are possible near term. Closes above 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.