WTI starting to look interesting on the weekly, watching for a higher low

Been watching WTI pretty closely over the last few weeks, and it's starting to look like we might be setting up for a decent move if certain conditions hold. On the weekly chart, we had that pretty strong rejection from the mid-80s resistance, which isn't surprising given where we've been previously. But what's caught my eye is the potential for a higher low to form around the $75-76 area. It's held up fairly well there even with some of the broader market jitters. If we can establish solid support here, and ideally get a strong weekly close above $78, it could signal a push back towards those earlier highs.

Of course, the immediate risk to that scenario would be a clear break below $74 on a daily closing basis. That would invalidate the higher low idea for me and probably send us looking for the next support level, potentially back down into the low 70s or even upper 60s. So, cautiously optimistic, but keeping a tight watch on that $74 line in the sand. Macro headlines around demand and supply cuts are always a factor in crude, so it's not just pure technicals, but the chart is providing some interesting levels to work with.