Crude Oil closed higher on Wednesday renewing the rally off February's low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are overbought, diverging and are turning neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off February's low, the 75% retracement level of the January-February decline crossing is the next upside target.
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