WTI: Watching the $78 mark closely

Been following WTI pretty closely over the last few sessions, and that $78 level just keeps popping up as significant. From where I'm sitting, a sustained break and hold above $78 could signal a decent push higher, maybe targeting the low $80s. The challenge, of course, is a rejection from this area, which wouldn't surprise me given the choppy nature of the market lately. If we can't clear $78 convincingly, then a retest of the low $70s isn't out of the question. I'm just watching for now, not making any definitive moves until there's more clarity around that price point.