WTI: Watching the $80 psychological level again

Been closely watching WTI these past few sessions. We had that nice bounce off the lows recently, but it feels like the momentum is fading a bit as we approach the $80 mark again. It's not a hard resistance level on the chart in terms of previous swing highs/lows, but it's a significant psychological barrier that seems to draw in sellers or at least cause price to stall.

My current scenario is for price to consolidate around $79-$80 for a bit. If we can get a sustained break and close above $80, I'd then be looking for a push towards $82-$83. However, a failure to break cleanly above $80, especially if accompanied by a strong rejection candle on the daily, would likely see us testing the $77 support again. The risk to this scenario is a sudden, large increase in inventory reports or a significant geopolitical event that pushes us decisively one way or the other, invalidating this range-bound view around $80.