WTI Crude Oil Analysis: RSI, Stochastic Remain Positive

 | Jul 15, 2013 06:37AM ET

US Oil closed higher on Friday and the high range close sets the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near term. If it extends the rally off April's low, the May 2011 high crossing is the next upside target.