WTI's Next Move: Watching the $78 Level Closely

Been spending some time looking at the WTI charts lately, and there's a level around $78 that really stands out to me. We've seen it act as significant resistance multiple times over the past few weeks, with bounces off it just as frequently. It feels like a genuine pivot point. My current read is that a sustained break above $78 – I'd want to see a daily close or two comfortably above it – could signal a move towards the low to mid $80s. The volume on any push through would be key here, of course.

On the flip side, a rejection from this level again, especially if it's accompanied by increased selling pressure, could easily send us back towards the $75 or even $73 area. The risk that would invalidate my current bullish lean above $78 is a clear failure to hold above it after an initial breach, or a strong bearish candle forming right at that resistance. It's not a prediction, more an observation of a high-interest area. The broader energy narrative is still complex, but for WTI, this $78 mark feels like the immediate battleground.