CL Crude Oil Futures Daily Chart Analysis: 2026-May-18 07:01 CT

Price Action

• Last: 104.37,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -6%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month May

• Intermediate-Term
• MSFG Current: -1%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 161%
• 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 104.37,
• 4. Pvt. Next: Pvt Low 91.33,
• 5. Levels R: 110.12, 106.69, 104.37,
• 6. Levels S: 84.42, 74.73, 72.69, 61.91, 52.45, 7..

Daily Benchmarks

• (Short-Term) 5 Day: 97.30 Up Trend,
• (Short-Term) 10 Day: 95.93 Up Trend,
• (Intermediate-Term) 20 Day: 94.37 Up Trend,
• (Intermediate-Term) 55 Day: 88.59 Up Trend,
• (Long-Term) 100 Day: 72.0 Up Trend,
• (Long-Term) 200 Day: 62.07 Up Trend.

Additional Metrics

• ATR: 211,
• VOLMA: 345883.

Recent Trade Signals

• 14 May 2026: Short CL 07-26 @ 96.04 Signals.USAR-WSFG
• 11 May 2026: Long CL 06-26 @ 98.86 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Crude oil is in a strong longer-term uptrend, with price pressing near the recent swing high at 104.37 after a sharp rebound from the mid-80s support area. The daily structure shows a sequence of higher highs and higher lows, and the benchmark averages remain stacked in bullish alignment across all visible timeframes. Short-term fib/session structure is still marked down on WSFG and MSFG, but the actual price action has recovered back into the upper range near resistance, showing a strong trend continuation and retracement-recovery pattern rather than broad weakness. The most important nearby reference points are the 106.69 and 110.12 resistance zones above, with 91.33 as the next major swing-low pivot reference below.