Crude breached the critical support awaited yesterday at 75.15 and stabilized below it. Momentum indicators are trending lower and accordingly we expect an intraday downside move today further expected with stability below the 50 MA; targets start from 73.15 then 72.35 while stability above 75.15 might delay the downside move. 
The trading range for today is among the major support at 72.35 and the major resistance at 76.65..The general trend is to the downside as far as 84.00 remains intact with targets at 61.60.
By: Yasir Mubarak
Senior Technical Analyst
[email protected]
www.ecpulse.com