Crude Oil Closes Higher, Set For A Possible Higher Opening On Monday

April crude oil closed higher on Friday and is poised to extend the rally off February's low.

The high range close sets the stage for a steady to higher opening on Monday.

Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near term.

If April extends Wednesday's rally, February's high crossing at $47.99 is the next upside target.

Closes below Tuesday's low crossing at $39.44 would temper the near-term friendly outlook in the market.

First resistance is Wednesday's high crossing at $45.76.

Second resistance is the reaction's high crossing at $47.99.

First support is the 20 day moving average crossing at $42.28.

Second support is Tuesday's low crossing at $39.44.