Crude retested levels around 77.75 and reversed to the downside after the MA 50 added additional strength to pivotal resistance levels; therefore, morning expectations will remain intact if we do not witness stability in trading above 77.75. 
The trading range for today is among the key support around 75.05 and the key resistance around 79.35..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