
The current weekly chart for CL Crude Oil Futures shows a complex interplay between short/intermediate-term weakness and long-term strength. Price action is currently at 64.15, with medium-sized bars and average momentum, indicating neither extreme volatility nor stagnation. The Weekly and Monthly Session Fib Grids (WSFG and MSFG) both show price below their respective NTZ centers and are trending down, confirming a short- and intermediate-term bearish bias. This is reinforced by recent short trade signals and a downward HiLo trend on the swing pivots. However, the long-term Yearly Session Fib Grid (YSFG) remains positive, with price above the NTZ center and an uptrend, supported by all major moving averages (20, 55, 100, and 200 week) trending upward. The swing pivot structure shows the most recent evolution at a pivot high (67.17), with the next key support at 59.48, suggesting the market is in a corrective phase within a broader uptrend. Resistance levels are clustered well above current price, while support levels are spaced out below, indicating room for further downside retracement before major support is tested. The overall structure suggests the market is experiencing a pullback or consolidation within a larger bullish cycle, with short-term and intermediate-term traders facing headwinds, while long-term participants may still view the trend as intact. The market is likely digesting recent gains, with potential for further choppy or corrective action before a clearer directional move emerges.