Crude Oil closed slightly higher on Friday as it extends last week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish hinting that a low might be in or is near. Closes above the reaction high crossing are needed to confirm that a low has been posted. If it renews this summer's decline, the 75% retracement level of the 2009-2011-rally crossing is the next downside target.
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