CL Crude Oil Futures Daily Chart Analysis: 2026-Apr-16 07:02 CT

Price Action

• Last: 88.63,
• Bars: Large,
• Mom: Momentum fast.

WSFG Weekly

• Short-Term
• WSFG Current: -58%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Apr

• Intermediate-Term
• MSFG Current: -63%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 110%
• 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 88.63,
• 4. Pvt. Next: Pvt High 101.86,
• 5. Levels R: 114.47, 101.86, 96.08, 90.24,
• 6. Levels S: 81.65, 68.26, 51.3.

Daily Benchmarks

• (Short-Term) 5 Day: 92.06 Down Trend,
• (Short-Term) 10 Day: 97.59 Down Trend,
• (Intermediate-Term) 20 Day: 95.14 Down Trend,
• (Intermediate-Term) 55 Day: 85.18 Up Trend,
• (Long-Term) 100 Day: 67.09 Up Trend,
• (Long-Term) 200 Day: 62.22 Up Trend.

Additional Metrics

• ATR: 211,
• VOLMA: 345883.

Recent Trade Signals

• 13 Apr 2026: Short CL 05-26 @ 99.48 Signals.USAR-WSFG
• 13 Apr 2026: Long CL 05-26 @ 104.3 Signals.USAR.TR120
• 09 Apr 2026: Short CL 05-26 @ 99.13 Signals.USAR-MSFG
• 08 Apr 2026: Short CL 05-26 @ 94.97 Signals.USAR.TR720

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Neutral,
• Long-Term: Bullish.

Key Insights Summary

Crude oil futures have experienced a sharp pullback from recent highs, with price action showing large, fast-moving bars to the downside. The short-term trend is decisively bearish, as confirmed by the downward direction of the 5, 10, and 20-day moving averages and the current swing pivot trend. Price is trading below both the weekly and monthly session fib grid NTZ centers, reinforcing the short-term and intermediate-term downward bias. However, the intermediate-term HiLo trend remains up, suggesting the broader uptrend is not yet fully broken. Long-term structure is still bullish, with price well above the 100 and 200-day moving averages and the yearly fib grid trend up. Volatility remains elevated (ATR 211), and volume is robust, indicating strong participation during this correction. Key resistance levels are clustered above at 90.24, 96.08, 101.86, and 114.47, while support is seen at 81.65 and 68.26. Recent trade signals have been mixed, with a majority favoring the short side in the short and intermediate term. The market is currently in a corrective phase within a larger uptrend, with potential for further downside testing of support before any sustained recovery.