719×224

CRUDE OIL closed higher on Monday and is poised to extend the rally off June's low. The highrange close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI have turned bearish hinting that a shortterm top might be in or is near. Multiple closes below the 20day moving average crossing are needed to confirm that a shortterm top has been posted. If it extends the rally off June's low, February's high crossing is the next upside target.