CL Crude Oil Futures Weekly Chart Analysis: 2026-May-08 07:01 CT

Price Action

• Last: 94.73,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -30%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month May

• Intermediate-Term
• MSFG Current: -41%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 129%
• 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: 98.1 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

Overall Rating

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

Key Insights Summary

Crude oil is in a powerful weekly rebound after a deep multi-month basing phase, with the latest rally pushing price well above the entire moving-average stack and into the upper end of the yearly range structure. The short-term picture is still mixed because both WSFG and MSFG remain below their F0%/NTZ centers and are trending down, while the recent signal flow shows back-to-back countertrend flips that highlight volatility and two-way trade. Even so, the swing pivot structure has turned UTrend, the HiLo trend is also UTrend, and price is pressing against the next major pivot resistance zone after a fast vertical advance. Longer term, the yearly grid remains bullish and supportive, with price firmly above the YSFG midpoint, reinforcing a constructive trend bias into the new expansion leg.