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Markets

Trading Forecast Crude Oil

Crude Oil closed slightly higher on Tuesday while extending May's trading range. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are turning bearish signalling that sideways to lower prices are possible near-term. Closes below the reaction low crossing would temper the near-term friendly outlook. If it renews the rally off May's low, the reaction high crossing is the next upside target.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Commodities