US OIL closed lower on Monday and the highrange close sets the stage for a steady to higher opening when Tuesday's night session begins. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off June's low, the 75% retracement level of this year's decline crossing is the next upside target. Multiple closes below the reaction low crossing would confirm that a top and trend change has been posted.
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