CL Crude Oil Futures Daily Chart Analysis: 2026-Jun-23 07:02 CT

Price Action

Last: 72.48,
Bars: Large,
Mom: fast.

WSFG Weekly

Short-Term
WSFG Current: -44%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month Jun

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

YSFG Year 2026

Long-Term
YSFG Current: 81%
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 72.48,
4. Pvt. Next: Pvt High 81.98,
5. Levels R: 109.33, 105.90, 104.42, 96.21,
6. Levels S: 72.48, 71.90, 61.12, 51.86, 49.07.

Daily Benchmarks

(Short-Term) 5 Day: 76.19 Down Trend,
(Short-Term) 10 Day: 81.91 Down Trend,
(Intermediate-Term) 20 Day: 88.01 Down Trend,
(Intermediate-Term) 55 Day: 88.52 Down Trend,
(Long-Term) 100 Day: 81.11 Down Trend,
(Long-Term) 200 Day: 65.57 Up Trend.

Additional Metrics

ATR: 211,
VOLMA: 345883.

Recent Trade Signals

22 Jun 2026: Short CL 08-26 @ 73.41 Signals.USAR.TR120
16 Jun 2026: Short CL 07-26 @ 79.38 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Crude oil is in a pronounced swing decline after the spring rally rolled over from the 104-109 resistance band, with the latest leg pressing back into the low-70s and tagging a fresh pivot low at 72.48. Short-term structure remains decisively bearish: price is below the weekly and monthly fib grids, below the 5, 10, 20, 55, and 100 day benchmarks, and the pivot trend/HiLo trend are both in down mode. The only meaningful longer-term support context comes from the rising 200 day benchmark and the still-positive 2026 yearly fib posture, which keeps the larger tape from being fully broken even as the daily trend is weak. The chart is showing a lower-high, lower-low sequence with prior rejection zones near 96.21, 104.42, and 109.33 now acting as overhead supply, while nearby support remains concentrated around 72.48 and 71.90.