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CN:Trading Forecast Natural Gas
 
Natural Gas posted an inside day with a higher close on Friday as it consolidated some of the decline off June's high. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral signalling that sideways to lower prices are possible near-term. If it extends the decline off June's high, March's low crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.


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