WTI's Next Move Around $78 - A Look at the Pullback

Been watching WTI closely these past few sessions. It's been a pretty significant pullback from those highs earlier in the month, and I'm particularly interested in how it reacts around the $78 mark. That level acted as some decent support back in late February/early March, and now it's being tested again. If it holds, we could see a rebound, but a decisive break below $77.80, say, would seriously open the door for a deeper correction towards $76 or even $75. Just my read on the charts, not a prediction.

There's a lot of talk about global demand, but purely from a technical standpoint, the confluence of that prior support and the current price action around $78 is a key area for me. The overall trend from the lows is still intact for now, but this is a critical juncture. Keeping an eye on the volume on any moves through this area, as that will add more conviction to whichever way it breaks.