Crude Oil closed higher on Tuesday and above the 20-day moving average crossing confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off this month's low, the reaction high crossing is the next upside target. Closes below today's low crossing would temper the near-term friendly outlook.