Crude Oil closed lower due to profit taking on Friday as it consolidates some of this month's rally. The mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI remain neutral to 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 Tuesday's low crossing would temper the near-term friendly outlook.
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