Crude Oil closed lower on Tuesday and below the 10-day moving average crossing signalling that a short-term top is in or is near. The mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.
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