CRUDE OIL closed higher on Wednesday and the highrange close sets the stage for a steady to higher opening when Thursday's night session begins. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it renews the rally off June's low, the 62% retracement level of this year's decline crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a shortterm top has been post.
Join the Discussion