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Crude Oil closed lower on Monday and below the 25% retracement level of the May-January crossing as it extends last week's decline. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends the aforementioned decline, the 38% retracement level crossing is the next downside target.