CL Crude Oil Futures Weekly Chart Analysis: 2026-Jan-16 07:05 CT

Price Action

• Last: 60.09,
• Bars: Medium,
• Mom: Momentum average.

WSFG Weekly

• Short-Term
• WSFG Current: 36%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Jan

• Intermediate-Term
• MSFG Current: 43%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 8%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 63.48,
• 4. Pvt. Next: Pvt low 55.64,
• 5. Levels R: 79.71, 76.93, 73.10, 73.33, 72.92,
• 6. Levels S: 54.89, 50.18, 49.41, 49.30, 47.51, 43.90, 39.23.

Weekly Benchmarks

• (Intermediate-Term) 5 Week: 60.21 Up Trend,
• (Intermediate-Term) 10 Week: 60.09 Up Trend,
• (Long-Term) 20 Week: 65.21 Down Trend,
• (Long-Term) 55 Week: 63.01 Down Trend,
• (Long-Term) 100 Week: 63.91 Down Trend,
• (Long-Term) 200 Week: 65.02 Down Trend.

Recent Trade Signals

• 15 Jan 2026: Short CL 02-26 @ 60.15 Signals.USAR.TR120
• 12 Jan 2026: Long CL 02-26 @ 59.6 Signals.USAR-WSFG
• 09 Jan 2026: Long CL 02-26 @ 58.14 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

Crude oil futures are showing renewed upward momentum in the short and intermediate term, with price action breaking above the NTZ center and both WSFG and MSFG trends pointing up. The swing pivot structure confirms an uptrend, with the most recent pivot high at 63.48 and next support at 55.64, while resistance levels remain well above current price, suggesting room for further upside. Weekly benchmarks indicate a short-term bullish bias as the 5- and 10-week moving averages have turned up, but longer-term moving averages (20, 55, 100, 200 week) are still trending down, reflecting a broader neutral to consolidative environment. Recent trade signals show mixed short-term activity but a net positive bias over the past week. Overall, the market is in a recovery phase from prior lows, with higher lows forming and a potential for continued rally if price can sustain above key support and challenge overhead resistance. Volatility remains moderate, and the market is transitioning from a consolidation phase toward a possible trend continuation.