
Crude oil futures are currently trading at 63.06, with medium-sized bars and slow momentum, indicating a lack of strong directional conviction. The short-term WSFG and intermediate-term MSFG both show price above their respective NTZ centers and are trending up, suggesting some underlying support for a potential bounce or stabilization. However, the yearly trend remains down, and price is below the annual NTZ, reflecting persistent long-term weakness. Swing pivot analysis shows a short-term downtrend (DTrend) with the most recent pivot low at 60.40 and the next key resistance at 66.42. Intermediate-term pivots still hold an uptrend, but the cluster of resistance levels above (66.42, 69.23, 73.66) could cap rallies, while support is layered at 62.58, 60.88, and further down at 55.78 and 50.88. All benchmark moving averages from short to long term are trending down, reinforcing the broader bearish structure. The ATR at 211 signals moderate volatility, and volume remains robust at 345,883, indicating active participation but not a surge in conviction. Recent trade signals show a mix of short and long entries, reflecting the choppy, two-way nature of the current market. The overall technical picture is short-term and long-term bearish, with only the intermediate-term showing neutrality due to the uptrend in swing pivots and MSFG. The market appears to be in a corrective phase within a larger downtrend, with potential for short-term rallies but significant overhead resistance. Price action is consolidative, with lower highs and a test of support, suggesting traders are watching for either a breakdown to new lows or a reversal attempt toward resistance.