Crude Oil closed lower due to profit taking on Friday while extending May's trading range. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If it renews the rally off May's low, the reaction high crossing is the next upside target. Closes below the reaction low crossing would temper the near-term friendly
