Crude oil gushes higher but stalls near 38.2% retracement

The SPR release sets in motion the "buy the fact"
The last three or so hours of trading have traded up and down. On the downside, the low has remained above the 100 hour moving average currently at $77.20 (the low could only reach $77.62). The high price stalled right near the 38.2% retracement level at