Crude Oil closed lower due to profit taking on Friday as it consolidated some of last week's rally. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off May's low, the 50% retracement level of last month's decline crossing is the next upside target. Closes below Monday's low crossing would confirm that a short-term top has been posted.