CL Crude Oil Futures Weekly Chart Analysis: 2025-Oct-24 07:35 CT

Price Action

WSFG Weekly

MSFG Month Oct

YSFG Year 2025

Swing Pivots

Weekly Benchmarks

Recent Trade Signals

Overall Rating

Key Insights Summary

Crude oil futures are currently trading at 62.10, with medium-sized bars and slow momentum, indicating a period of consolidation after recent volatility. The short-term WSFG and intermediate-term MSFG both show price above their respective NTZ centers and are trending up, suggesting a recent bounce or recovery attempt. However, the yearly YSFG trend remains down, with price below the annual NTZ, reflecting persistent long-term weakness. Swing pivots highlight a short-term downtrend, but the intermediate-term HiLo trend is up, pointing to a possible transition phase or a corrective rally within a broader downtrend. Resistance levels are clustered in the low-to-mid 70s and 80, while support is established in the mid-50s and lower, indicating a wide trading range. All benchmark moving averages from 5 to 200 weeks are in a downtrend, reinforcing the dominant bearish long-term structure. Recent trade signals have triggered long entries in the high 50s to low 60s, aligning with the short-term and intermediate-term upward bias but counter to the prevailing long-term trend. Overall, the market is in a complex phase: short-term action is neutral as price consolidates, intermediate-term signals are bullish on a potential recovery, but the long-term outlook remains bearish. This reflects a market caught between a possible cyclical bottoming process and ongoing structural weakness, with volatility likely as price tests key support and resistance levels.


Chart Analysis ATS AI Generated: 2025-10-24 07:35 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2025. Algo Trading Systems LLC.