Oil is declining 0.7% since the session open and is now trading at 77.00 dollars at the NYMEX. If it breaks the resistance at77.20, the black gold could seek 77.42 (intraday ceiling), while below the support to consider is 76.86, day low.Traders don't exclude a new correction down to the day's lows, and then seek the intraday target, improving the technical aspect.