CL Crude Oil Futures Weekly 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 102.64,
• 5. Levels R: 105.90,
• 6. Levels S: 72.48, 67.44, 45.29, 40.54, 39.70.

Weekly Benchmarks

• (Short-Term) 5 Day: 88.41 Down Trend,
• (Short-Term) 10 Day: 88.65 Down Trend,
• (Intermediate-Term) 20 Day: 82.64 Down Trend,
• (Intermediate-Term) 55 Day: 68.40 Up Trend,
• (Long-Term) 100 Day: 58.24 Up Trend,
• (Long-Term) 200 Day: 56.38 Up Trend.

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: Bullish.

Key Insights Summary

Crude oil is in a powerful weekly down swing off the 2026 highs, with price collapsing from the 105.90 resistance area to the 72.48 pivot low, leaving the short-term structure firmly in DTrend. The weekly and monthly session fib grids both sit below F0%, reinforcing a bearish swing posture and confirming that the latest move is still operating in the lower half of the current session ranges. Even so, the broader yearly structure remains constructive, with 2026 still holding above its yearly F0%/NTZ zone and the long-term pivot framework showing the prior high at 102.64 as the next major reference point. Moving averages are mixed but skew bearish in the active swing window: the 5, 10, and 20 day benchmarks are all below price and declining, while the 55, 100, and 200 day lines are still rising beneath the market, reflecting a market that has turned down sharply from a higher-timeframe uptrend. Recent short signals align with the weakness, while the chart also shows a broad, volatile range with sharp impulse legs, fast reversals, and large weekly candles rather than orderly consolidation.