Assuming last week’s high at 110.45 remains intact, the futures should grope their way down to at least 95.30, a midpoint support, before finding traction. If that pivot is breached, however, it could spell more weakness down to as low as 80.15 over the next 3-4 weeks. ________ UPDATE: Oil’s $15 slide has brought it to within pennies of the 95.30 target given above. If it fails to hold here, look for at least $5 more downside over the near term.