WTIOIL - Breakout + Retest West Texas OilOANDA:WTICOUSDVIAQUANTThe structure West Texas Intermediate has been building is incredible, and once again it will likely outline the next move. The Structure I have this chart outlined on the 6H timeframe. The first thing to note is the black upward sloping support trendline. It has marked many of the lows since the July 1, 2026 macro swing low, and I have outlined these examples with green circles. Next is a downward sloping black trendline that has marked many of the tops since the September 15 swing high. I have outlined these examples with red X’s. The Breakout and Retests What is interesting is what has happened recently. Price first broke above the resistance trendline on October 8, 2026. Since the breakout, every time price has dropped, it has retested that old resistance trendline as new support and bounced. That shows multiple successful retests and new demand at the level. What gives this the most confluence is what has happened since the futures open last night. Price dropped 2% very quickly, but the drop was met by both the old downward sloping resistance line and the longer term upward sloping support trendline from the July bottom. After that successful retest, price has already increased almost 5%. Price is now at a critical point in the trend. It has already broken above the red box, which was previously an extremely key resistance zone and has continued to act as an important liquidity region. With price above it, buyers are likely to look to take control at this level and continue the breakout run.