CL Crude Oil Futures Weekly Chart Analysis: 2026-May-06 07:02 CT
Price Action
- Last: 91.47,
- Bars: Large,
- Mom: fast.
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: UTrend,
- (Intermediate-Term) 2. HiLo Trend: UTrend,
- 3. Pvt. Evolve: Pvt High 110.93,
- 4. Pvt. Next: Pvt Low 80.49,
- 5. Levels R: 110.93,
- 6. Levels S: 78.97, 72.47, 50.32, 45.57, 44.73.
Weekly Benchmarks
- (Short-Term) 5 Day: 96.1 Up Trend,
- (Short-Term) 10 Day: 91.57 Up Trend,
- (Intermediate-Term) 20 Day: 73.96 Up Trend,
- (Intermediate-Term) 55 Day: 67.59 Up Trend,
- (Long-Term) 100 Day: 61.12 Up Trend,
- (Long-Term) 200 Day: 60.61 Up Trend.
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 powerful weekly rebound from the 2026 base, with price now well above all benchmark moving averages and the yearly session structure still firmly positive. The long-term picture remains constructive as YSFG stays above F0% and the yearly pivot trend is UTrend, but the shorter session grids have rolled over with WSFG and MSFG both below their midlines and marked Down, matching the fresh short signals. The chart shows a sharp recovery from the spring lows into the low-90s, after a deep multi-week swing lower and a strong vertical upside expansion. Nearby pivot structure leaves 110.93 as the main overhead resistance, while 78.97 and 72.47 define the nearest support band beneath price, with deeper historical supports layered lower in the 50s and mid-40s. Overall, the weekly trend remains long-term bullish, while the short and intermediate views are being shaped by a fast counter-trend pullback/retest after an extended rally.
Chart Analysis ATS AI Generated: 2026-05-06 07:02 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.