US Oil closed higher on Thursday. The midrange close sets the stage for a steady to higher opening when Friday's night session begins. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near term. Closes above July's high crossing would renew this summer's rally while opening the door for a possible test of weekly resistance crossing later this summer. Closes below last Thursday's low crossing would confirm that a short term top has been posted.