CRUDE OIL closed slightly lower on Friday and the midrange close sets the stage for a steady opening when Tuesday's night session begins. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off June's low, the 62% retracement level of this year's decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been posted.
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