CL Crude Oil Futures Daily Chart Analysis: 2026-Feb-04 07:04 CT

Price Action

• Last: 60.69,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: -31%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Feb

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

YSFG Year 2026

• Long-Term
• YSFG Current: 20%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 66.48,
• 4. Pvt. Next: Pvt low 65.22,
• 5. Levels R: 66.48, 65.22, 63.43, 62.33, 61.12, 60.00, 59.13, 58.76, 58.52,
• 6. Levels S: 55.62, 54.75, 50.00.

Daily Benchmarks

• (Short-Term) 5 Day: 63.14 Down Trend,
• (Short-Term) 10 Day: 62.33 Down Trend,
• (Intermediate-Term) 20 Day: 60.69 Up Trend,
• (Intermediate-Term) 55 Day: 59.85 Up Trend,
• (Long-Term) 100 Day: 59.05 Up Trend,
• (Long-Term) 200 Day: 60.17 Up Trend.

Additional Metrics

• ATR: 211,
• VOLMA: 345883.

Recent Trade Signals

• 03 Feb 2026: Long CL 03-26 @ 63.8 Signals.USAR.TR120
• 02 Feb 2026: Short CL 03-26 @ 63.71 Signals.USAR-MSFG
• 27 Jan 2026: Long CL 03-26 @ 61.78 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Crude oil futures have recently experienced a sharp reversal from a swing high at 66.48, with large, fast-moving bars indicating heightened volatility and momentum to the downside. The short-term trend has shifted bearish, as confirmed by the downward direction of the 5- and 10-day moving averages and the WSFG and MSFG both showing price below their respective NTZ/F0% levels. However, the intermediate-term HiLo trend remains up, and all longer-term benchmarks (20, 55, 100, and 200-day MAs) are still in uptrends, suggesting underlying bullish structure remains intact. Key resistance is clustered between 58.52 and 66.48, while support is found at 55.62, 54.75, and 50.00. The recent trade signals reflect a choppy environment with both long and short entries triggered in quick succession, highlighting the potential for whipsaw price action. Overall, the market is in a corrective phase within a broader uptrend, with short-term pressure to the downside but longer-term bullish bias persisting. Swing traders should note the potential for further retracement or consolidation before any sustained trend continuation.