Crude Oil closed higher on Tuesday as it extends last week's rally. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. 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
Support : $ 85.58 - 84.73 - 83.89 - 83.06 - 82.23
Resistance : $ 90.06 - 90.97 - 91.88 - 92.80 - 93.93
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