CL Crude Oil Futures Weekly Chart Analysis: 2026-May-11 07:01 CT
Price Action
- Last: 97.89,
- Bars: Large,
- Mom: fast.
WSFG Weekly
- Short-Term
- WSFG Current: -1%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month May
- Intermediate-Term
- MSFG Current: -30%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 138%
- 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: 93.53 Up Trend,
- (Short-Term) 10 Day: 94.83 Up Trend,
- (Intermediate-Term) 20 Day: 76.13 Up Trend,
- (Intermediate-Term) 55 Day: 68.59 Up Trend,
- (Long-Term) 100 Day: 61.49 Up Trend,
- (Long-Term) 200 Day: 60.69 Up Trend.
Recent Trade Signals
- 11 May 2026: Long CL 06-26 @ 99.81 Signals.USAR-WSFG
- 11 May 2026: Long CL 06-26 @ 98.86 Signals.USAR.TR120
- 06 May 2026: Short CL 06-26 @ 100.3 Signals.USAR-MSFG
Overall Rating
- Short-Term: Bullish,
- Intermediate-Term: Bullish,
- Long-Term: Bullish.
Key Insights Summary
Crude oil is in a powerful weekly upside expansion, with a large, fast weekly bar driving price to 97.89 after a sharp vertical rally from the low 80s. The short-term weekly and monthly session fib grids remain below their F0/NTZ centers, but the recent price surge has pushed weekly structure back into a strong recovery phase. Swing pivots are aligned in an uptrend, with the latest major pivot high at 110.93 standing as the key resistance reference and the next opposite pivot defined at 80.49. All benchmark moving averages are rising and stacked in bullish alignment, confirming that the trend has shifted decisively higher across short, intermediate, and long horizons. The recent sequence of long signals on 11 May reinforces the current upside momentum, while the prior short on 06 May reflects the sharp reversal transition that occurred before the breakout leg. Overall, the chart reflects a strong trend-continuation environment with elevated momentum and a clear bullish structure on the weekly timeframe.
Chart Analysis ATS AI Generated: 2026-05-11 07:01 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.