CL Crude Oil Futures Daily Chart Analysis: 2026-May-12 07:01 CT

Price Action

• Last: 101.36,
• Bars: Large,
• Mom: Average.

WSFG Weekly

• Short-Term
• WSFG Current: 17%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month May

• Intermediate-Term
• MSFG Current: -17%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 149%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt High 102.05,
• 4. Pvt. Next: Pvt Low 87.85,
• 5. Levels R: 114.36, 110.93, 102.05,
• 6. Levels S: 88.66, 78.97, 76.93, 66.15, 56.69, 7.00.

Daily Benchmarks

• (Short-Term) 5 Day: 97.13 Up Trend,
• (Short-Term) 10 Day: 100.59 Up Trend,
• (Intermediate-Term) 20 Day: 95.02 Up Trend,
• (Intermediate-Term) 55 Day: 88.01 Up Trend,
• (Long-Term) 100 Day: 74.64 Up Trend,
• (Long-Term) 200 Day: 65.48 Up Trend.

Additional Metrics

• ATR: 211,
• VOLMA: 345883.

Recent Trade Signals

• 12 May 2026: Long CL 06-26 @ 100.54 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: Neutral,
• Long-Term: Bullish.

Key Insights Summary

Crude oil is trading back above the weekly fib bias and above the key short-term benchmark averages, keeping the daily swing structure constructive after a sharp spring advance and pullback sequence. The chart shows a strong multi-month uptrend that has recently shifted into a choppy consolidation phase between the early-April high zone and the mid-May recovery area, with price now pressing back toward the 102.05 pivot high area. The intermediate monthly fib grid remains negative for May, reflecting that the current monthly swing is still below the center line even while the broader yearly structure stays strongly positive. Swing pivot structure remains mixed in the near term, with the shorter pivot trend still upward but the higher/low pivot read tilted down from the recent rejection and retracement. Overall, the tape is still aligned with a larger bullish trend, while the intermediate layer is digesting the prior surge through overlapping bars, inside bars, and repeated tests of nearby resistance.