Watching Crude Rejection at $80

Been looking at crude futures (CL=F) quite a bit lately. The consistent rejections off the $80 mark for the last few sessions are starting to look like more than just noise. We saw a similar setup a few weeks back before the pullback. If it can't hold above $80 by end of week, particularly if it dips below $78 again, I'd expect a retest of the $75 area. The risk to that view, obviously, is a strong candle close above $80, which would suggest a break of that resistance and potentially new highs. But for now, the $80 level seems to be holding as a fairly significant ceiling.