US Oil Rejection at 0.786 Fib: Signalling Trend ReversalWTI CRUDE OILTVC:USOILTimgucciWTI crude oil appears to have completed a well defined impulsive advance, with price topping out near the upper boundary of the ascending channel and aligning with the 0.786 Fibonacci retracement zone. The move into this region shows characteristics of exhaustion, suggesting the completion of a larger Wave C and, by extension, a higher degree corrective structure. The rejection from this zone is significant. Price is now beginning to rotate lower, and the initial breakdown from the highs suggests the potential start of a new impulsive leg to the downside. If this structure holds, the current move could develop into Wave I of a broader bearish sequence. In the near term, any bounce should be viewed as corrective, likely forming a lower high beneath the 110–116 resistance area. Failure to reclaim this zone would reinforce bearish continuation and increase the probability of a move toward the 98 level, which marks the 0.5 retracement and initial support. A deeper extension toward the 86 region remains possible, aligning with the 0.236 level and broader structural support. The market has likely completed its upward correction. The focus now shifts to whether sellers can maintain control and drive a sustained move lower. Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial advice.