🛢️ Oil at a major turning point — breakout or rejection?

• Context: WTI is currently trading around $94, sitting just below a long-term descending trendline that has capped price for years.

• Technical View: This trendline is key. A confirmed breakout could open the path toward $110–$120+ quickly, with potential extension into the $140 zone.

However, rejection here would likely send price back toward the $80–$70 range.

• Big Picture: This is a compression against macro resistance — expansion is coming, but direction is not confirmed yet.

• Takeaway: High timeframe level = high impact move.

• CTA: Breakout or fakeout? What’s your bias on Oil here 👇