/

Crude Oil closed lower due to profit taking on Thursday as it consolidates some of Wednesday's rally. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are turning bullish signaling that sideways to higher prices are possible near-term. If it renews the rally off February's low, January's high crossing is the next upside target. Closes below Monday's low crossing would confirm that a short-term top has been posted.