CL Crude Oil Futures Daily Chart Analysis: 2026-Apr-08 07:02 CT
Price Action
- Last: 97.23,
- Bars: Large,
- Mom: Momentum fast.
WSFG Weekly
- Short-Term
- WSFG Current: -94%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month Apr
- Intermediate-Term
- MSFG Current: -54%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 114%
- 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 Low 91.15,
- 4. Pvt. Next: Pvt High 117.63,
- 5. Levels R: 117.63, 107.78, 98.29,
- 6. Levels S: 91.15, 69.42, 54.46.
Daily Benchmarks
- (Short-Term) 5 Day: 107.68 Down Trend,
- (Short-Term) 10 Day: 101.81 Down Trend,
- (Intermediate-Term) 20 Day: 92.23 Up Trend,
- (Intermediate-Term) 55 Day: 77.32 Up Trend,
- (Long-Term) 100 Day: 68.04 Up Trend,
- (Long-Term) 200 Day: 64.51 Up Trend.
Additional Metrics
Recent Trade Signals
- 08 Apr 2026: Short CL 05-26 @ 96.52 Signals.USAR.TR120
- 07 Apr 2026: Long CL 05-26 @ 116.43 Signals.USAR-WSFG
- 01 Apr 2026: Short CL 05-26 @ 98.78 Signals.USAR-MSFG
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Neutral,
- Long-Term: Bullish.
Key Insights Summary
Crude oil futures have experienced a sharp reversal from recent highs, with large, fast-moving bars indicating heightened volatility and momentum to the downside. The short-term trend has shifted bearish, as confirmed by the WSFG and swing pivot metrics, with price now trading below both the weekly and monthly session fib grids. Intermediate-term structure remains neutral, with the HiLo trend still up but showing signs of potential transition as price tests key support levels. Long-term trend remains firmly bullish, supported by all major moving averages trending higher and the yearly session fib grid showing price well above its center. Recent trade signals reflect this volatility, with both long and short entries triggered in rapid succession. The market is currently in a corrective phase after a strong rally, with the potential for further downside retests toward swing support at 91.15 and below, while resistance is established at 98.29, 107.78, and the recent high at 117.63. The environment is characterized by increased volatility and volume, suggesting active participation and possible further swings in both directions as the market digests recent moves.
Chart Analysis ATS AI Generated: 2026-04-08 07:02 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.