CL Crude Oil Futures Daily Chart Analysis: 2026-Aug-03 07:02 CT

Price Action

• Last: 86.20,
• Bars: Medium,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -10%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: -4%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 99%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt high 86.87,
• 4. Pvt. Next: Pvt low 78.30,
• 5. Levels R: 108.79, 105.36, 103.88, 95.67, 93.50,
• 6. Levels S: 77.78, 66.50, 60.58, 51.12, 48.53.

Daily Benchmarks

• (Short-Term) 5 Day: 82.90 Up Trend,
• (Short-Term) 10 Day: 84.97 Down Trend,
• (Intermediate-Term) 20 Day: 79.93 Up Trend,
• (Intermediate-Term) 55 Day: 81.39 Up Trend,
• (Long-Term) 100 Day: 85.84 Down Trend,
• (Long-Term) 200 Day: 68.00 Up Trend.

Additional Metrics

• ATR: 211,
• VOLMA: 345883.

Recent Trade Signals

• 03 Aug 2026: Short CL 09-26 @ 80.71 Signals.USAR.TR120
• 28 Jul 2026: Short CL 09-26 @ 81.58 Signals.USAR.TR720

Overall Rating

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

Key Insights Summary

Price has staged a sharp V-shaped recovery from the July low near 66.50 and is holding above the rising 5, 20, 55, and 200-day benchmarks. Short-term pivot structure is upward, although the intermediate HiLo structure remains downward following the prior sequence of lower highs. The 85.84 to 86.87 area is a near-term congestion and pivot-high zone, while 93.50 and 95.67 remain the larger overhead resistance levels. The August monthly and weekly Fib grids remain below their F0% reference, indicating that the recovery is occurring within a broader intermediate-term retracement. Volume is moderate and ATR remains elevated, supporting continued wide daily swings.