Crude maintains pursuing the retest of support for the previously breached rising wedge; whereas overbought signs continue appearing though momentum indicators. Therefore, morning expectations will remain intact if the daily closing is above 78.50. 
The trading range for today is among the key support around 75.15 and the key resistance around 79.00..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