Crude Finding Support Under 94

Crude futures, which have traded in the 93 handle in three of the last four tradings session, have done so again during Monday's trading. After breaching Friday's low (94.23), the contract reached 93.93 before rebounding. Since making the low, the contract has found resistance at 94.94, which is just below the major resistance created by the last three highs from 95.04-95.15.