Crude is trading within a narrow range since this morning and calmly nears the pivotal support at 75.15. Momentum indicators are still showing bearish signs that make us hold onto expectations for a bearish move today that will start with the breach of the mentioned support. Targets start at 73.15 and require stability below 76.65 to prevail. 
The trading range for today is among the key support around 73.15 and the key resistance around 76.65..The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.
By: Yasir Mubarak
Main Technical Analyst
[email protected]
www.ecpulse.com