![Equity Oracle: 11/15/12 teo-111512](https://themarketguys.com/wp-content/uploads/2012/11/teo-111512-120x100.png)
The Oil Sector is looking a little oversold right now as we reach for a role reversal support level around the $36 area. The drop in trading volume suggests to me that the selling pressure is easing up a bit. When you see that happen at a major support level the buyers start to pay attention and often you will see a pivot point start to form.