Crude Oil closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Prices closed nearer the session low today and hit a fresh 10-week low amid the EU debt crisis that is playing out. A stronger U.S. dollar index was a main bearish factor for crude today. Serious near-term chart damage has been inflicted in crude the past two days, to suggest a near-term market top is now in place.
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