CL Crude Oil Futures Daily Chart Analysis: 2026-Aug-04 07:02 CT

Price Action

Last: 80.00,
Bars: Small,
Mom: Slow.

WSFG Weekly

Short-Term
WSFG Current: -33%
F0%/NTZ' Bias: Price Below,
WSFG Trend: Down.

MSFG Month Aug

Intermediate-Term
MSFG Current: -12%
F0%/NTZ' Bias: Price Below,
MSFG Trend: Down.

YSFG Year 2026

Long-Term
YSFG Current: 91%
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 78.38,
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: 82.46 Down Trend,
(Short-Term) 10 Day: 84.76 Down Trend,
(Intermediate-Term) 20 Day: 80.54 Down Trend,
(Intermediate-Term) 55 Day: 81.36 Down Trend,
(Long-Term) 100 Day: 85.91 Up Trend,
(Long-Term) 200 Day: 68.75 Up Trend.

Additional Metrics

ATR: 10.60,
VOLMA: 345883.

Recent Trade Signals

04 Aug 2026: Short CL 09-26 @ 76.67 Signals.USAR-MSFG
04 Aug 2026: Long CL 09-26 @ 82.12 Signals.USAR-WSFG
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: Bearish,
Long-Term: Bullish.

Key Insights Summary

CL is consolidating near 80.00 after a sharp late-July rejection from the 93.50 pivot resistance area. The short-term pivot sequence remains upward, but price is below the weekly and monthly Fib centers and beneath the 5-, 10-, 20-, and 55-day benchmarks, reflecting a bearish countertrend phase. The 77.78 support area and 78.38 next-pivot level define the near-term downside structure, while 80.54 to 84.76 is an overhead moving-average congestion zone. The broader 2026 structure remains constructive because price is well above the rising 200-day benchmark and the yearly Fib grid remains positive, although the 100-day average near 85.91 remains a major longer-term recovery threshold.