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Crude Oil extended its decline off May's high and closed below the 62% retracement level of the 2009-2011-rally crossing on Tuesday. The mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends this summer's decline, the 75% retracement level of the 2009-2011-rally crossing is the next downside target.