Crude oil futures have experienced a sharp and volatile selloff, with price action showing large, fast-moving bars to the downside. The short-term and intermediate-term trends have shifted decisively bearish, as confirmed by the WSFG and MSFG both trending down and price trading well below their respective NTZ/F0% levels. The most recent swing pivot has established a new low at 88.83, with the next potential reversal only above 107.78, highlighting the depth of the current retracement. Resistance levels are stacked above, with significant prior highs at 117.63 and 107.78, while support is now focused at the recent low and much lower at 69.42 and 54.46. All short-term and intermediate-term moving averages (5, 10, 20-day) are in downtrends and above current price, reinforcing the bearish momentum. However, the longer-term trend remains bullish, with the 55, 100, and 200-day moving averages still in uptrends and well below current price, suggesting the broader uptrend is intact despite the current correction. Volatility is elevated (ATR 211), and volume remains robust, indicating strong participation in this move. Recent trade signals have flipped to the short side across all timeframes, reflecting the prevailing downside momentum. Overall, the market is in a corrective phase within a longer-term uptrend, with the potential for further downside until a new swing low is confirmed and short-term momentum stabilizes.