CL Crude Oil Futures Weekly Chart Analysis: 2026-Jan-02 07:03 CT

Price Action

• Last: 57.03,
• Bars: Medium,
• Mom: Momentum slow.

WSFG Weekly

• Short-Term
• WSFG Current: -4%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: -8%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: -18%
• F0%/NTZ' Bias: Price Below,
• YSFG Trend: Down.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt low 56.28,
• 4. Pvt. Next: Pvt high 61.63,
• 5. Levels R: 79.71, 76.93, 73.33, 72.10, 69.78, 67.15, 64.95,
• 6. Levels S: 56.28, 54.18, 50.14, 49.30, 40.43, 39.31, 32.23.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 57.78 Down Trend,
• (Intermediate-Term) 10 Week: 58.18 Down Trend,
• (Long-Term) 20 Week: 59.92 Down Trend,
• (Long-Term) 55 Week: 61.09 Down Trend,
• (Long-Term) 100 Week: 63.04 Down Trend,
• (Long-Term) 200 Week: 65.48 Down Trend.

Recent Trade Signals

• 29 Dec 2025: Long CL 02-26 @ 58.14 Signals.USAR.TR120
• 29 Dec 2025: Long CL 02-26 @ 57.6 Signals.USAR-WSFG

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Neutral,
• Long-Term: Bearish.

Key Insights Summary

Crude oil futures are exhibiting a clear bearish structure across most timeframes, with price action below all major moving averages and the yearly, monthly, and weekly session fib grids. The short-term swing pivot trend is down, and the most recent pivots show a sequence of lower highs and lower lows, reinforcing the prevailing downtrend. Intermediate-term HiLo trend remains up, suggesting some underlying support or potential for a corrective bounce, but this is overshadowed by the dominant long-term weakness. Resistance levels are stacked well above current price, while support levels are clustered just below, indicating a market that is testing lower boundaries. Momentum is slow, and the market appears to be consolidating near recent lows after a prolonged sell-off, with no strong signs of reversal. Recent long signals may reflect attempts to catch a bounce, but the broader technical context remains defensive. Overall, the market is in a corrective or distribution phase, with risk of further downside unless a significant reversal pattern emerges.