CL Crude Oil Futures Daily Chart Analysis: 2026-May-05 07:01 CT

Price Action

Last: 103.84,
Bars: Medium,
Mom: Average.

WSFG Weekly

Short-Term
WSFG Current: 20%
F0%/NTZ' Bias: Price Above,
WSFG Trend: Up.

MSFG Month May

Intermediate-Term
MSFG Current: -7%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: 156%
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 98.25,
5. Levels R: 114.36, 110.93,
6. Levels S: 78.97, 76.93, 68.15, 56.89, 54.10.

Daily Benchmarks

(Short-Term) 5 Day: 104.05 Up Trend,
(Short-Term) 10 Day: 98.95 Up Trend,
(Intermediate-Term) 20 Day: 95.58 Up Trend,
(Intermediate-Term) 55 Day: 87.40 Up Trend,
(Long-Term) 100 Day: 72.44 Up Trend,
(Long-Term) 200 Day: 64.53 Up Trend.

Additional Metrics

ATR: 10.68,
VOLMA: 455883.

Recent Trade Signals

05 May 2026: Long CL 06-26 @ 104.29 Signals.USAR-WSFG
04 May 2026: Short CL 06-26 @ 100.97 Signals.USAR-MSFG
30 Apr 2026: Short CL 06-26 @ 104.10 Signals.USAR.TR120
29 Apr 2026: Long CL 06-26 @ 106.8 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Crude Oil is holding a constructive long-term uptrend with price still above the yearly fib structure and all major benchmarks trending higher. Short-term structure is supported by a weekly bullish bias and a positive pivot trend, with price trading above the 5-day and 10-day averages. At the same time, the monthly session grid remains below its F0% midpoint and the intermediate pivot hierarchy is still oriented lower, showing the market is in a larger pullback within the broader advance. The tape has recently shown alternating inside-bar style pauses and directional swings, reflecting a choppy but active consolidation after the sharp spring rally and subsequent retracement from the April peak.