Crude Oil closed higher due to short covering on Monday as it consolidates some of last week's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are oversold but remain bearish signalling that sideways to lower prices are possible near-term. If it extends last week's decline, December's low crossing is the next downside target. Closes above the 20-day moving average crossing would confirm that a short-term low has been posted.