The crude is rebounding with strength, climbing 2.0% since the session started. The West Texas (WTI) barrel is now trading at 78.44 dollars at the NYMEX.If it breaks the resistance at 78.60, the black gold will have the door open to seek 79.15, while below it could try to meet 77.80 dollars.

Traders will now wait for the US session opening, to haver a clearer picture about the commodity.