The weekly chart for CL Crude Oil Futures as of early January 2026 shows a market in transition. Price action is currently subdued with medium-sized bars and slow momentum, indicating a lack of strong conviction in either direction. The short-term Weekly Session Fib Grid (WSFG) and intermediate-term Monthly Session Fib Grid (MSFG) both show an upward trend with price holding above their respective NTZ/F0% levels, suggesting some underlying bullishness in the near to intermediate term. However, the swing pivot trend is down in the short term, while the intermediate-term HiLo trend remains up, reflecting a possible countertrend move or a corrective phase within a larger uptrend. Key resistance levels are clustered in the low-to-mid $70s, while support is found in the mid-to-high $40s and low $50s, with the most recent pivot low at $54.08. All major moving averages (from 5-week to 200-week) are trending down, reinforcing a bearish long-term structure despite recent upward signals. Recent trade signals have triggered long entries, aligning with the intermediate-term bullish bias, but the overall technical backdrop remains mixed. In summary, the market is consolidating after a significant decline, with short-term neutrality, intermediate-term bullishness, and persistent long-term bearishness. This environment is characterized by choppy price action, potential for mean reversion, and a need for confirmation before a sustained trend emerges. The interplay between short-term corrective moves and longer-term downtrends suggests a market at a crossroads, awaiting a catalyst for decisive direction.