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Crude Oil closed higher due to short covering on Thursday and the high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. Closes above the 10-day moving average crossing would be a warning to bears not to press their hand as a short-term trend change might be unfolding. If it renews this summer's decline, the 75% retracement level of the 2009-2011-rally crossing is the next downside target.