CL Crude Oil Futures Weekly Chart Analysis: 2026-Apr-24 07:01 CT
Price Action
- Last: 94.67,
- Bars: Large,
- Mom: Momentum fast.
WSFG Weekly
- Short-Term
- WSFG Current: 31%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month Apr
- Intermediate-Term
- MSFG Current: -30%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 128%
- 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 78.07,
- 4. Pvt. Next: Pvt high 110.70,
- 5. Levels R: 110.70,
- 6. Levels S: 78.07, 74.77, 70.32, 65.28, 44.73.
Weekly Benchmarks
- (Intermediate-Term) 5 Week: 81.14 Up Trend,
- (Intermediate-Term) 10 Week: 75.28 Up Trend,
- (Long-Term) 20 Week: 69.55 Up Trend,
- (Long-Term) 55 Week: 65.28 Up Trend,
- (Long-Term) 100 Week: 60.45 Up Trend,
- (Long-Term) 200 Week: 50.63 Up Trend.
Recent Trade Signals
- 23 Apr 2026: Long CL 06-26 @ 92.74 Signals.USAR-WSFG
- 20 Apr 2026: Long CL 06-26 @ 87.57 Signals.USAR.TR120
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Neutral,
- Long-Term: Bullish.
Key Insights Summary
Crude oil futures have experienced a dramatic breakout from a prolonged consolidation phase, with price surging above all major moving averages and the yearly session fib grid. The current weekly bar is large and momentum is fast, reflecting strong buying interest and volatility. Short-term trend metrics are bullish, supported by recent long trade signals and a clear uptrend in the weekly session fib grid. Intermediate-term signals are mixed, with the monthly fib grid still showing a downtrend and price below its NTZ, suggesting the recent rally may be encountering some resistance or is in the early stages of a trend reversal. Long-term structure is decisively bullish, with all major moving averages trending up and price well above key support levels. The next major resistance is at the recent swing high of 110.70, while support is layered below at 78.07 and lower. The market is in a strong uptrend, but after such a rapid move, traders may watch for potential retracements or consolidation before the next leg higher. Overall, the technical landscape favors the bulls, especially on the long-term horizon, with short-term momentum leading the charge.
Chart Analysis ATS AI Generated: 2026-04-24 07:01 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.