As you try to think about what the resolution for the story might be, go back and look at the problem. What was the problem? The resolution is how the problem got solved. (It has the word "solution" in it.) By the way, the problem and resolution should give you insight into what kind of conflict is going on.
Orals shouldn't run more than ten minutes. That's why we don't spend much time on rising or falling action. Maybe a minute each is enough!
The next oral for the second trimester is a poster. The rubric is on the website here. There are samples from last year you can look at in the classroom.