Crude Oil closed lower due to profit taking on Tuesday as U.S. crude-oil stockpiles increased. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends last week's rally, the 87% retracement level of he 2008-2009-decline crossing is the next upside target.
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