US Oil posted a downside reversal due to profit taking on Thursday as it consolidated some of this month's rally. The low range close sets the stage for a steady to lower opening when Friday's night session begins. Stochastics and the RSI are overbought but 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.