Crude Oil posted an inside day with a higher close on Wednesday as it consolidates some of the decline off the late-January high. The mid-range close sets the stage for a steady opening on Thursday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends the aforementioned decline, the 50% retracement level of this winter's rally crossing is the next downside target.