Crude Oil closed lower due to profit taking on Tuesday as it consolidated some of this month's rally. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are overbought and are turning neutral hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing would temper the near-term friendly outlook. If it extends the rally off this month's low, June's high crossing is the next upside target.
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