Crude is currently fluctuating around the retest level for the previously breached support level that presently ascended to 76.95, due to the effect of the bullish momentum on Stochastic. We hold onto our morning expectations as long as stability is below 77.60. 
The trading range for today is among the key support around 74.40 and the key resistance around 77.60.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.
By: Yasir Mubarak
Senior Technical Analyst
yasir.mubarak@ecpulse.com
www.ecpulse.com