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Crude Oil closed sharply higher on Monday as it extends last Friday's rally. Unrest in Egypt has raised concerns that the current unrest could spillover into other parts of the region and could lead to a disruption of oil exports. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI are turning bullish signalling that a short-term low is in or is near. If it renews this winter's rally, weekly resistance crossing is the next upside target.