CRUDE OIL closed higher on Friday and the highrange close sets the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible nearterm. Closes above the 20day moving average crossing are needed to confirm that a low has been posted. If it renews this spring's decline, last October's low crossing is the next downside target.
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