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Crude Oil closed higher due to short covering on Monday as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible near-term. If it renews this summer's decline, the 75% retracement level of the 2009-2011-rally crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted.