Crude oil - At strong short term resistance

Failed to sustain the break below 77.18, which has sparked a short term rally towards resistance at 82.95. At the same time a new Hidden Divergence is building, which could set the stage for the next powerful short term decline towards 75 and lower.

That said the failure to sustain the break below 77.18 could be a warning that a bigger correction towards the 90 area is building, which a break above 83.86 will confirm.