CRUDE OIL closed higher on Tuesday and the highrange close sets the stage for a steady to higher opening when Wednesday's night session begins. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off June's low, the 38% retracement level of this year's decline crossing is the next upside target. Closes below the 20day moving average crossing would temper the nearterm friendly outlook.
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