Crude is attempting to revisit the retest level mentioned this morning around 78.50, supported by negativity from momentum indicators; therefore our expectations remain intact, keeping in mind that crude must build a base above 77.40 to maintain our expectations. 
The trading range for today is among the key support around 77.40 and the key resistance around 81.85..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