Crude is trading within a narrow range since this morning between 74.40 and 75.00, with constant negative signs appearing through momentum indicators, as long as stability is abo ve the MA 50. Morning expectations are still intact as we recommend referring to it to clear up the suggested technical targets for today. 
The trading range for today is among the key support around 72.90 and the key resistance around 76.95..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
[email protected]
www.ecpulse.com