CRUDE OIL closed sharply lower on Monday and the lowrange close sets the stage for a steady to lower opening when Tuesday's night session begins. Stochastics and the RSI are turning neutral to bearish signalling that a pause or setback is possible nearterm. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted. If it extends the rally off June's low, the 50% retracement level of this year's decline crossing is the next upside target.
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