US Oil closed higher on Tuesday renewing the rally off April's low. The high range close sets the stage for a steady to higher opening when Wednesday's night session begins. Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near term. If it extends this week's rally, January's high crossing is the next upside target. Closes below the 20day moving average crossing would confirm that a short term top has been posted.