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

Price Action

• Last: 79.60,
• Bars: Large,
• 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 93.50,
• 4. Pvt. Next: Pvt low 73.36,
• 5. Levels R: 105.36, 93.50,
• 6. Levels S: 66.50, 44.75, 40.00, 39.16, 37.37.

Weekly Benchmarks

• (Short-Term) 5 Day: 78.98 Up Trend,
• (Short-Term) 10 Day: 79.76 Up Trend,
• (Intermediate-Term) 20 Day: 85.76 Down Trend,
• (Intermediate-Term) 55 Day: 69.79 Up Trend,
• (Long-Term) 100 Day: 59.05 Up Trend,
• (Long-Term) 200 Day: 58.41 Up Trend.

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

Key Insights Summary

Price action reflects a high-volatility correction after rejection from the 93.50 swing high, with large weekly bars and downside weekly/monthly fib-grid alignment. The short pivot trend remains upward structurally, but the active pivot-high evolution and recent short signals show a sharp countertrend selloff. Price is below the declining 20-week benchmark while holding above rising 55-, 100-, and 200-week benchmarks, preserving the broader yearly uptrend. The 73.36 pivot-reversal level is the near-term structural reference, while 93.50 and 105.36 define the major overhead swing-resistance sequence.