
The current daily chart for CL Crude Oil Futures shows a market under sustained pressure, with all major timeframes (short, intermediate, and long-term) aligned to the downside. Price action is characterized by medium-sized bars and slow momentum, indicating a lack of strong directional conviction but a persistent bearish undertone. The weekly session fib grid (WSFG) shows a short-term upward bias, but this is overshadowed by the monthly (MSFG) and yearly (YSFG) session fib grids, both of which are firmly in downtrends with price trading below their respective NTZ/F0% levels. Swing pivot analysis confirms the dominance of the downtrend, with both short-term and intermediate-term trends pointing lower. The most recent pivot evolution is a swing low at 54.98, with the next potential reversal at a swing high of 61.05. Resistance levels are stacked above current price, while support is relatively close, suggesting limited downside before a potential test of the recent swing low. All benchmark moving averages from short to long-term are trending down, reinforcing the bearish structure. The ATR indicates moderate volatility, and volume remains steady but not elevated, suggesting no panic selling or capitulation at this stage. Recent trade signals reflect a choppy environment with both long and short entries in close succession, but the prevailing trend remains bearish. The market appears to be in a corrective phase within a broader downtrend, with rallies being sold and lower highs/lower lows dominating the structure. Overall, the technical landscape favors continued caution as the market searches for a durable bottom or reversal catalyst.