CRUDE OIL closed lower on Tuesday and the lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. Multiple closes below the 20day moving average crossing would confirm that a top and trend change has been posted. If it renews the rally off June's low, the 75% retracement level of this year's decline crossing is the next upside target.
Join the Discussion