Oil continues to trade near historically elevated levels, with Point and Figure support beginning at the 3-box reversal level of $93.19 and extending through a broader support zone between $90.48 and $82.80. Well-established resistance remains at $111.27, with additional longer-term supply identified up to $118.05, a range that may prove important in determining whether crude can sustain its current momentum. While transport stocks continue to reflect resilient economic activity, the interaction between elevated energy prices and ongoing demand conditions may remain a key area of focus for advisors monitoring broader market trends.