CL Crude Oil Futures Daily Chart Analysis: 2026-May-06 07:01 CT

Price Action

• Last: 87.94,
• Bars: Medium,
• Mom: Average.

WSFG Weekly

• Short-Term
• WSFG Current: -36%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month May

• Intermediate-Term
• MSFG Current: -50%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 122%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 88.66,
• 4. Pvt. Next: Pvt High 101.70,
• 5. Levels R: 114.36, 110.93,
• 6. Levels S: 88.66, 78.97, 76.93, 66.15, 56.69.

Daily Benchmarks

• (Short-Term) 5 Day: 104.52 Down Trend,
• (Short-Term) 10 Day: 100.21 Down Trend,
• (Intermediate-Term) 20 Day: 95.19 Down Trend,
• (Intermediate-Term) 55 Day: 87.94 Up Trend,
• (Long-Term) 100 Day: 72.93 Up Trend,
• (Long-Term) 200 Day: 64.75 Up Trend.

Additional Metrics

• ATR: 10.76,
• VOLMA: 345883.

Recent Trade Signals

• 06 May 2026: Short CL 06-26 @ 100.3 Signals.USAR-MSFG
• 05 May 2026: Long CL 06-26 @ 104.29 Signals.USAR-WSFG
• 30 Apr 2026: Short CL 06-26 @ 104.1 Signals.USAR.TR120
• 29 Apr 2026: Long CL 06-26 @ 106.8 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Crude oil is in a corrective selloff from the early-April spike to 114.36, with the current daily structure trading below the weekly and monthly Fib equilibrium zones and below the 5, 10, and 20 day benchmarks. The pivot picture is still in a downtrend, with price having rolled over from a lower high near 101.70 and now working back toward the 88.66 swing support area, which sits close to the 55 day benchmark. Long-term structure remains constructive because price is still above the 100 and 200 day benchmarks and the yearly Fib context remains above its midpoint, so the larger trend stays positive even while the short and intermediate swings are under pressure.