""
 
Crude Oil closed lower on Wednesday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near-term. If it extends this week's decline, June's low crossing is the next downside target. Closes above Monday's high crossing would confirm that a short-term low has been posted.