CL Crude Oil Futures Weekly Chart Analysis: 2026-May-12 07:02 CT

Price Action

• Last: 101.27,
• Bars: Large,
• Mom: Fast.

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: 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

• 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: Bullish,
• Long-Term: Bullish.

Key Insights Summary

Crude oil is in a powerful weekly expansion phase with a large upside breakout above the prior swing structure, and the last price at 101.27 sits well above the 20/55/100/200-week benchmarks. The short-term structure is firmly UTrend, with the latest pivot action pressing into new highs near 110.93 and the swing trend sequence still pointing higher. Weekly fib positioning is constructive above the NTZ/F0% area, while the monthly grid remains the main countertrend feature as May is still below its NTZ midpoint and marked down. Even with that intermediate monthly drag, the dominant message from price, pivots, and benchmarks is that the market is in a strong upside continuation leg, with momentum accelerating and recent signals aligned with the breakout.