CL Crude Oil Futures Daily Chart Analysis: 2026-May-01 07:02 CT
Price Action
- Last: 104.07,
- Bars: Large,
- Mom: Fast.
WSFG Weekly
- Short-Term
- WSFG Current: 42%
- F0%/NTZ' Bias: Price Above,
- WSFG Trend: Up.
MSFG Month May
- Intermediate-Term
- MSFG Current: -5%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 157%
- F0%/NTZ' Bias: Price Above,
- YSFG Trend: Up.
Swing Pivots
- (Short-Term) 1. Pvt. Trend: UTrend,
- (Intermediate-Term) 2. HiLo Trend: DTrend,
- 3. Pvt. Evolve: Pvt High 110.93,
- 4. Pvt. Next: Pvt Low 98.27,
- 5. Levels R: 114.36, 110.93,
- 6. Levels S: 78.97, 76.93, 66.15, 56.89, 54.10.
Daily Benchmarks
- (Short-Term) 5 Day: 100.53 Up Trend,
- (Short-Term) 10 Day: 95.11 Up Trend,
- (Intermediate-Term) 20 Day: 90.01 Up Trend,
- (Intermediate-Term) 55 Day: 86.14 Up Trend,
- (Long-Term) 100 Day: 71.45 Up Trend,
- (Long-Term) 200 Day: 64.09 Up Trend.
Additional Metrics
Recent Trade Signals
- 30 Apr 2026: Short CL 06-26 @ 104.1 Signals.USAR.TR120
- 29 Apr 2026: Long CL 06-26 @ 106.8 Signals.USAR.TR720
- 29 Apr 2026: Long CL 06-26 @ 99.58 Signals.USAR-WSFG
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Neutral,
- Long-Term: Bullish.
Key Insights Summary
Crude oil is trading in a strong larger-scale uptrend with price holding well above the 20, 55, 100, and 200 day benchmarks, while the yearly fib structure remains firmly positive. Short-term momentum is strong and price is sitting above the weekly fib bias, supporting a constructive near-term tone. The monthly session fib, however, remains below the F0%/NTZ midpoint and keeps the intermediate structure mixed to weaker, which aligns with the pivot hi/lo trend reading as DTrend. The chart shows a completed swing expansion into the 110.93 area, then a sharp retracement down toward the 98.27 pivot next level, followed by a rebound back toward 104, leaving the tape in a recovery phase with large-range bars and elevated two-way volatility. Resistance is clustered near 110.93 and 114.36, while support is layered below at 98.27, 78.97, 76.93, 66.15, 56.89, and 54.10, reflecting a market that has transitioned from base building into a strong trending advance with a recent corrective pullback and renewed upside response.
Chart Analysis ATS AI Generated: 2026-05-01 07:02 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.