CL Crude Oil Futures Daily Chart Analysis: 2026-May-04 07:02 CT

Price Action

Last: 104.60,
Bars: Large,
Mom: Fast.

WSFG Weekly

Short-Term
WSFG Current: 22%
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 98.13,
5. Levels R: 114.36, 110.93,
6. Levels S: 78.97, 76.93, 68.15, 56.69, 54.10.

Daily Benchmarks

(Short-Term) 5 Day: 102.04 Down Trend,
(Short-Term) 10 Day: 97.05 Up Trend,
(Intermediate-Term) 20 Day: 95.70 Up Trend,
(Intermediate-Term) 55 Day: 88.70 Up Trend,
(Long-Term) 100 Day: 71.92 Up Trend,
(Long-Term) 200 Day: 64.30 Up Trend.

Additional Metrics

ATR: 211,
VOLMA: 345883.

Recent Trade Signals

04 May 2026: Short CL 06-26 @ 100.97 Signals.USAR-MSFG
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 above the 5, 10, 20, 55, 100, and 200 day benchmarks, keeping the broader price structure aligned with an established uptrend. Short-term momentum remains firm and the weekly fib grid is supportive, while the monthly fib grid still shows a negative bias and a downtrend, reflecting a mixed intermediate backdrop. Swing pivot structure remains in an active up-leg with the next pivot reference pointing to a lower pivot confirmation level, while resistance is marked at 110.93 and 114.36 and support clusters remain layered below. The recent sequence shows alternating long and short signal events, consistent with a volatile advance, consolidation, and rotation around the upper part of the range.