CL Crude Oil Futures Weekly Chart Analysis: 2026-Apr-02 07:02 CT
Price Action
- Last: 109.36,
- Bars: Large,
- Mom: Momentum fast.
WSFG Weekly
- Short-Term
- WSFG Current: 32%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month Apr
- Intermediate-Term
- MSFG Current: 37%
- F0%/NTZ' Bias: Price Above,
- MSFG Trend: Up.
YSFG Year 2026
- Long-Term
- YSFG Current: 164%
- 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 104.47,
- 4. Pvt. Next: Pvt low 91.84,
- 5. Levels R: 101.45,
- 6. Levels S: 94.37, 75.74, 73.84, 53.04, 48.00.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 66.73 Up Trend,
- (Intermediate-Term) 10 Week: 65.19 Up Trend,
- (Long-Term) 20 Week: 63.63 Up Trend,
- (Long-Term) 55 Week: 66.73 Up Trend,
- (Long-Term) 100 Week: 65.19 Up Trend,
- (Long-Term) 200 Week: 63.63 Up Trend.
Recent Trade Signals
- 02 Apr 2026: Long CL 05-26 @ 104.7 Signals.USAR.TR120
- 01 Apr 2026: Short CL 05-26 @ 98.78 Signals.USAR-MSFG
- 01 Apr 2026: Short CL 05-26 @ 98.78 Signals.USAR-WSFG
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
Crude oil futures have experienced a dramatic breakout, with price surging above all major resistance levels and well above the yearly, monthly, and weekly session fib grid centers. The current weekly bar is large and momentum is fast, indicating strong buying pressure and a possible short squeeze or news-driven rally. All swing pivot trends (short and intermediate) are up, and the most recent pivot high has been decisively exceeded. Support levels are now well below the current price, suggesting a significant shift in market structure. All benchmark moving averages are trending up, confirming broad-based strength across timeframes. Recent trade signals show both long and short entries, but the most recent is a long, aligning with the prevailing uptrend. The overall technical picture is strongly bullish, with the market in a clear trend continuation phase after a period of consolidation and breakout. Volatility is elevated, and the market is in a momentum-driven rally, with higher highs and higher lows dominating the chart structure.
Chart Analysis ATS AI Generated: 2026-04-02 07:02 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.