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CRUDE OIL closed higher on Thursday and above the 38% retracement level of this year's decline crossing as it extends the rally off June's low. The highrange close sets the stage for a steady to higher opening when Friday's night session begins. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off June's low, the 50% retracement level of this year's decline crossing is the next upside target.