CRUDE OIL closed lower on Monday and the lowrange close sets the stage for a steady to lower opening when Tuesday's night session begins. Stochastics and the RSI are neutral to 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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