WTI Oil | Is $90 the Next Liquidity Target?Crude Oil FuturesNYMEX_DL:CL1!EdgeTradingJourneyAfter a prolonged decline inside a well-defined descending channel, WTI crude oil is now showing signs of a structural shift. The recent rebound from the lower boundary of the channel suggests that sellers may be losing momentum, while buyers are starting to step in around a key demand area near 55–60. From a technical perspective, the market has already broken a short-term internal trendline and is currently pushing toward a major supply zone around 75–80. This area will be critical. If price manages to reclaim and hold above it, the next natural liquidity target sits around 85–90, which also aligns with the upper boundary of the broader channel. Looking at COT positioning, non-commercial traders have increased their long exposure significantly. This suggests growing speculative interest on the long side. While positioning is becoming crowded, it still supports the idea that the market may attempt a broader rebound before any deeper correction. Seasonality also adds an interesting layer to the narrative. Historically, crude oil tends to strengthen between March and early summer, driven by seasonal demand patterns and energy consumption cycles. For now, my base scenario is a continuation toward the mid-to-upper part of the channel, provided price holds above the 72–74 structure. A clean break and acceptance above 80 could open the door toward the 85–90 region. However, if the market fails to maintain momentum and loses the 70 area, we may instead see a prolonged consolidation before the next directional move. In short, crude oil appears to be transitioning from distribution to potential accumulation, and the next few weeks should clarify whether this rebound evolves into a larger trend reversal.