NYMEX Crude Daily: Bulls took a breathe

Market gave up all its early gains to end sharply lower after breaking down its immediate support at 73.38-72.80. However, immediate technical landscape remains in positive outlook despite a long black candle printed. As for now, we are looking for the immediate resistance at 75.00 followed by 75.69-76.12. While, downside support is now looking at 68.85-68.00.