CRUDE OIL closed lower due to profit taking on Monday and the lowrange close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are diverging and turning neutral to bearish signalling that a shortterm top 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 extends 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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