USOIL — Retesting the Line After a Violent Round-TripWTI CRUDE OILTVC:USOILhp123456789USOIL — Retesting the Line After a Violent Round-Trip WTI spiked from $74.24 to a high of $106.75 in about two weeks (Hormuz/Iran ceasefire-headline driven), then crashed back down just as fast. Price is now sitting almost exactly on the rising trendline off the July low — the same "does former structure hold" question as XMR, just with a much bigger, faster round-trip behind it. Bull case: LAZY Pro's WaveTrend has crossed bearish but isn't at an oversold extreme yet, and price is still sitting on a trendline that's held since July. FBB++ shows price back near its own 200-day mean ($80.83) rather than stretched. Bear case: the drop from $106.75 has been fast and sharp — this isn't a slow drift, it's news-driven de-escalation, and that kind of catalyst has blown through technical levels all year. A trendline is a weak defense against a headline. Key levels: Support: $89.40 (the line, live) → $86–87 shelf → $80.83 (FBB++ basis / magenta trendline) → $74.24 (year low) Resistance: $91.84 (FBB++ 0.236 band) → $94–97 zone → $98.65 (FBB++ 0.382) → $106.75 (spike high) Invalidation: a clean close below $89 with follow-through opens the door to the $86–87 shelf, then $80–81. Not financial advice — levels and reasoning, not a signal.