CL Crude Oil Futures Weekly Chart Analysis: 2026-May-07 07:02 CT
Price Action
- Last: 91.69,
- Bars: Large,
- Mom: fast.
WSFG Weekly
- Short-Term
- WSFG Current: -40%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month May
- Intermediate-Term
- MSFG Current: -53%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 120%
- 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: 98.10 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: Bullish,
- Intermediate-Term: Neutral,
- Long-Term: Bullish.
Key Insights Summary
Crude oil is in a powerful weekly expansion after a sharp vertical rally from the low-80s into the low-90s, with large candles and fast momentum confirming an active breakout phase. The short-term weekly and monthly session fib grids remain below their F0% centers, keeping those structures in down-mode even as price pushes higher, while the yearly grid sits well above F0% and reflects a strong long-term uptrend. Swing pivots show an established UTrend with the latest pivot sequence pointing from a confirmed pivot high at 110.93 toward a pivot low at 80.49, and the broader pivot structure still favors higher-week progression after the recent surge. Benchmarks are aligned in an upward stack, with price holding above the 20, 55, 100, and 200 day measures and the faster averages lifting sharply, reinforcing the strength of the rebound. The recent signal sequence shows alternating long and short triggers, but the latest action is dominated by upside continuation from a deep retracement back into a strong recovery leg.
Chart Analysis ATS AI Generated: 2026-05-07 07:02 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.