Crude attempted to breach the rising wedge shown in our morning report, but has pushed to the upside once again to trade above this support that currently ascended to 76.45, due to the effect of the positive momentum through Stochastic that crude is near unloading. We hold onto our morning expectations as long as a base is built below 77.55. 
The trading range for today is among the key support around 74.20 and the key resistance around 78.25..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