719×225

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 neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off June's low, the 38% retracement level of this year's decline crossing is the next upside target. Closes below the 20day moving average crossing would temper the nearterm friendly outlook.