US Oil closed lower due to profit taking on Tuesday and the low range close sets the stage for a steady to lower opening when Wednesday'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. Closes below the 20day moving average crossing would confirm that a short term top has been posted.