CRUDE OIL closed higher on Thursday and the highrange close sets the stage for a steady to higher opening when Friday's night session begins. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. If it extends the rally off June's low, the 62% retracement level of this year's decline crossing is the next upside target.
Source: http://www.ibtimes.com/articles/374672/20120817/crude-oil-technical-daily-outlook.htm
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