US oil may fall into $91.82-$92.78 range

US oil November contract NYMEX:CL1! may fall into a range of $91.82 to $92.78 per barrel, following its failure to break resistance at $96.73.The failure indicates a completion of the bounce from $88.73. A retracement analysis on the bounce reveals support at $93.73, the 38.2% level, which looks un…