Crude achieved an ascend due to the positivity on Stochastic as crude now is attempting to breach the morning mentioned resistance at 72.05. The daily four hour candlestick closing was below the mentioned level, thus chances of achieving the expected bearish intraday direction remain intact. The suggested morning scenario will prevail if we do not witness a daily closing above the level. 
The trading range for today is among the key support around 69.50 and the key resistance around 73.55.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