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Crude Oil closed lower on Friday and spiked below support marked by December's low crossing. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends today's decline, the 75% retracement level of the September-January rally crossing is the next downside target.