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Crude Oil closed lower on Friday ending a two-day short covering rebound off Tuesday's low. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it extends this month's decline, the 50% retracement level of this winter's rally crossing is the next downside target.