CL Crude Oil Futures Daily Chart Analysis: 2026-Feb-08 18:04 CT

Price Action

WSFG Weekly

MSFG Month Feb

YSFG Year 2026

Swing Pivots

Daily Benchmarks

Additional Metrics

Recent Trade Signals

Overall Rating

Key Insights Summary

The chart shows that CL Crude Oil Futures have recently experienced a strong upward swing, with price action currently consolidating after a sharp rally to a swing high at 66.48. The short-term trend is neutral, as indicated by mixed recent trade signals and a potential pivot reversal level at 61.29. Both intermediate and long-term trends remain bullish, supported by all major moving averages trending upward and price holding above key long-term benchmarks. However, the price is currently below both the weekly and monthly session fib grid centers, suggesting some short-term corrective pressure or consolidation. Volatility remains elevated (ATR: 211), and volume is robust, indicating active participation. The market is in a potential transition phase, with the possibility of either a pullback toward support or a continuation if resistance levels are reclaimed. The overall structure favors a bullish bias for swing traders on intermediate and long-term horizons, while the short-term outlook is more balanced as the market digests recent gains.


Chart Analysis ATS AI Generated: 2026-02-08 18:05 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.