
CRUDE OIL closed slightly lower on Monday and the highrange close sets the stage for a steady to higher opening when Tuesday's night session begins. Stochastics and the RSI are turning neutral hinting that a low might be in or is near. Multiple closes below the reaction low 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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