Crude has found resistance around 77.35 as it builds a base on it to start the expected bearish wave for today. We can expect a bearish intraday direction due to support from the retest level for the previously breached rising wedge, where targets start at 76.25 then 75.15. It is vital that 78.50 remains intact for the bearish intraday move to prevail. 
The trading range for today is among the key support around 75.15 and the key resistance around 78.50..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