""
 
Crude Oil closed lower on Wednesday while extending this month's trading range. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are turning neutral to bearish hinting that a short-term top might be in or is near. Closes below the reaction low crossing are needed to confirm that a short-term top has been posted. If it extends the rally off June's low, the reaction high crossing is the next upside target.