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US OIL closed lower on Friday and the highrange close sets the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI remain neutral to bearish signaling that sideways to lower prices are possible nearterm. If it extends the decline off September's high, the 75% retracement level of the JuneSeptember rally crossing is the next downside target. Closes above the 20day moving average crossing would confirm that a shortterm low has been posted.

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