CL Crude Oil Futures Weekly Chart Analysis: 2026-Jun-17 07:02 CT

Price Action

Last: 74.73,
Bars: Large,
Mom: fast.

WSFG Weekly

Short-Term
WSFG Current: -54%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month Jun

Intermediate-Term
MSFG Current: -49%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: 85%
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 74.59,
4. Pvt. Next: Pvt High 108.87,
5. Levels R: 106.69,
6. Levels S: 74.59, 68.23, 46.08, 41.33, 40.49, 38.70.

Weekly Benchmarks

(Short-Term) 5 Day: 92.08 Down Trend,
(Short-Term) 10 Day: 90.68 Down Trend,
(Intermediate-Term) 20 Day: 82.42 Up Trend,
(Intermediate-Term) 55 Day: 58.94 Up Trend,
(Long-Term) 100 Day: 58.85 Up Trend,
(Long-Term) 200 Day: 57.08 Up Trend.

Recent Trade Signals

16 Jun 2026: Short CL 07-26 @ 79.38 Signals.USAR-WSFG
12 Jun 2026: Short CL 07-26 @ 86.06 Signals.USAR-MSFG
11 Jun 2026: Short CL 07-26 @ 86.54 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

Crude oil is in a sharp weekly selloff from the 100+ area, with a fast downside swing now pressing back into the mid-70s after a major vertical advance and rejection near the highs. The short-term and intermediate-term session fib grids both show price below the NTZ/F0% line and trending down, matching the bearish pivot structure and the recent short signals. Weekly benchmarks are mixed underneath the surface: the faster 5 and 10 day averages have rolled over, while the 20 through 200 day measures still lean upward, reflecting a larger trend that remains constructive despite the current breakdown in momentum. The yearly fib structure is still positive overall, but the market is now testing whether the 2026 rally was a trend extension or a failed breakout, with the current move looking like a retracement/consolidation after an extreme expansion phase.