US Oil closed slightly lower on Friday as it extends last week's decline. The midrange close sets the stage for a steady to lower opening when Monday's night session begins. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible near term. Closes below the 20day moving average crossing would confirm that a short term top has been posted. If it renews the rally off April's low, weekly resistance crossing is the next upside target.