CRUDE OIL closed lower on Thursday and the midrange close sets the stage for a steady opening when Friday's night session begins. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. Multiple closes below the 20day moving average crossing would confirm that a top and trend change has been posted. If it renews the rally off June's low, the 75% retracement level of this year's decline crossing is the next upside target.
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