US Oil closed higher on Wednesday and the high range close sets the stage for a steady to higher opening when Thursday'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.