
Crude oil futures have experienced a dramatic surge, with recent weekly bars showing large ranges and fast momentum, indicating heightened volatility. Short-term and intermediate-term Fib grid trends have turned down, with price currently below their respective NTZ/F0% levels, reflecting a corrective or pullback phase after the recent rally. However, the yearly (long-term) trend remains strongly up, with price well above the annual NTZ/F0% and all major moving averages trending higher, confirming a robust underlying uptrend. Swing pivots show a short-term downtrend, but the intermediate-term HiLo trend remains up, suggesting the current move may be a retracement within a larger bullish structure. Resistance is clustered near recent highs (113.67, 109.97), while support is layered below (notably at 86.09 and 75.74), highlighting key levels for potential reaction. Recent trade signals reflect mixed activity, with both short and long entries triggered in response to the volatility and rapid price swings. Overall, the market is in a corrective phase short-term, but the long-term structure remains bullish. The environment is characterized by high volatility, possible profit-taking, and a test of support zones after a sharp rally. Swing traders may observe for signs of stabilization or reversal at support, or further downside if momentum persists, while keeping the broader uptrend context in mind.