Oil Stalls in the $90's

Oil saw strong resistance at $95.24, the relative high we called out yesterday. After testing and rejecting this level we saw a brief ratracement, finding immediate support at $92.03, the next level down, as we anticipated. We should see further support from $90.06, the base of the $90 handle. If prices pick up, we must solidly break $95.24 and $96.88 before we can attempt $100 again.