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CRUDE OIL closed lower on Wednesday and the midrange close sets the stage for a steady opening when Thursday's night session begins. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extends last Friday's rally, the 38% retracement level of this year's decline crossing is the next upside target. Closes below the 10day moving average crossing would temper the nearterm friendly outlook.