CL Crude Oil Futures Weekly Chart Analysis: 2026-May-21 07:02 CT
Price Action
- Last: 106.69,
- Bars: Large,
- Mom: Fast.
WSFG Weekly
- Short-Term
- WSFG Current: -8%
- F0%/NTZ' Bias: Price Below,
- WSFG Trend: Down.
MSFG Month May
- Intermediate-Term
- MSFG Current: -3%
- F0%/NTZ' Bias: Price Below,
- MSFG Trend: Down.
YSFG Year 2026
- Long-Term
- YSFG Current: 160%
- 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 108.69,
- 4. Pvt. Next: Pvt Low 76.25,
- 5. Levels R: 108.69,
- 6. Levels S: 74.73, 68.23, 46.08, 41.33, 40.49, 7.
Weekly Benchmarks
- (Short-Term) 5 Day: 91.68 Up Trend,
- (Short-Term) 10 Day: 92.46 Up Trend,
- (Intermediate-Term) 20 Day: 74.15 Up Trend,
- (Intermediate-Term) 55 Day: 65.86 Up Trend,
- (Long-Term) 100 Day: 57.69 Up Trend,
- (Long-Term) 200 Day: 56.02 Up Trend.
Recent Trade Signals
- 20 May 2026: Short CL 07-26 @ 98.3 Signals.USAR-MSFG
- 20 May 2026: Short CL 07-26 @ 99.23 Signals.USAR.TR120
- 20 May 2026: Short CL 07-26 @ 99.23 Signals.USAR-WSFG
Overall Rating
- Short-Term: Bearish,
- Intermediate-Term: Bearish,
- Long-Term: Bullish.
Key Insights Summary
Crude oil is in a powerful weekly expansion phase with a sharp upside surge that has pushed price well above all benchmark moving averages and deep into the yearly session fib grid’s upper region. The long-term structure remains bullish because price is above the 2026 YSFG midline and all major weekly benchmarks are aligned in up trends. At the same time, the weekly and monthly fib grids still show negative bias below their respective F0% areas, which keeps the shorter-horizon swing backdrop bearish and more reactive than trending. Swing pivots remain in an uptrend with a very stretched move into the 108.69 pivot resistance area, while nearby support sits much lower at 74.73 and 68.23, highlighting how extended the latest rally has become relative to prior pivot structure. Recent short signals from the weekly, monthly, and intraday trend models reinforce the bearish short-term tone despite the stronger long-term uptrend.
Chart Analysis ATS AI Generated: 2026-05-21 07:02 for Informational use only, not trading advice. Terms and Risk Disclosure Copyright © 2026. Algo Trading Systems LLC.