CRUDE OIL closed lower due to profit taking on Tuesday and the lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI are turning bearish hinting that a shortterm top might be in or is near. Closes below the 20day moving average crossing would temper the nearterm friendly outlook. If it renews the rally off June's low, the 38% retracement level of this year's decline crossing is the next upside target.