Crude Dips Below 100 and Recovers

After breaching Friday's low (100.79) and trading as low as 99.79, Crude futures are back above the 100 level. This is the first time the contract has traded below 100 since July 3, when it bottomed at 98.92. Since making the low, Crude rebounded as high as 100.70. If that level is breached, look for additional resistance at Friday's close (101.11), which is 0.12 cents below the intraday high.