CL Crude Oil Futures Daily Chart Analysis: 2026-May-29 07:01 CT

Price Action

• Last: 86.71,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: -50%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month May

• Intermediate-Term
• MSFG Current: -57%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 120%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 86.71,
• 4. Pvt. Next: Pvt High 96.89,
• 5. Levels R: 110.12, 106.69, 105.21,
• 6. Levels S: 86.71, 84.42, 74.73, 72.69, 61.91.

Daily Benchmarks

• (Short-Term) 5 Day: 92.88 Down Trend,
• (Short-Term) 10 Day: 89.92 Down Trend,
• (Intermediate-Term) 20 Day: 89.45 Down Trend,
• (Intermediate-Term) 55 Day: 88.95 Down Trend,
• (Long-Term) 100 Day: 78.24 Up Trend,
• (Long-Term) 200 Day: 63.73 Up Trend.

Additional Metrics

• ATR: 118,
• VOLMA: 345883.

Recent Trade Signals

• 27 May 2026: Short CL 07-26 @ 91.54 Signals.USAR-WSFG
• 25 May 2026: Short CL 07-26 @ 91.01 Signals.USAR.TR720
• 22 May 2026: Short CL 07-26 @ 97.55 Signals.USAR-MSFG

Overall Rating

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

Key Insights Summary

Crude oil is in a sharp daily selloff from the early-May swing high, with price back down into the mid-80s after failing near the 105-110 resistance band and then losing the monthly/weekly fib structure. The short-term pivot trend and Hi/Lo trend are both bearish, and the market is trading below the 5, 10, 20, and 55-day benchmarks, confirming downside control on the active swing. The longer-term structure remains constructive because the 100-day and 200-day averages are still rising and price remains well above those major trend references, so the larger backdrop is still upward even as the current swing has rolled over. The recent signal sequence also reflects that deterioration, with short signals printing at the weekly, monthly, and long-cycle levels. Overall, the chart shows a strong corrective leg within a broader uptrend, with volatility elevated and momentum expanding to the downside.