CL Crude Oil Futures Daily Chart Analysis: 2026-Aug-05 07:02 CT

Price Action

• Last: 76.67,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -39%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Aug

• Intermediate-Term
• MSFG Current: -15%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 89%
• 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 74.23,
• 4. Pvt. Next: Pvt high 83.47,
• 5. Levels R: 108.79, 105.36, 103.88, 95.67, 93.50, 86.87,
• 6. Levels S: 74.23, 66.50.

Daily Benchmarks

• (Short-Term) 5 Day: 81.77 Down Trend,
• (Short-Term) 10 Day: 83.90 Down Trend,
• (Intermediate-Term) 20 Day: 80.48 Down Trend,
• (Intermediate-Term) 55 Day: 81.16 Down Trend,
• (Long-Term) 100 Day: 85.00 Up Trend,
• (Long-Term) 200 Day: 68.84 Up Trend.

Additional Metrics

• ATR: 211,
• 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

Overall Rating

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

Key Insights Summary

CL has shifted into a sharp short-term selloff, with large downside bars and price below the weekly and August monthly F0%/NTZ areas. Both pivot trend measures are down, while price is beneath the 5-, 10-, 20-, and 55-day benchmarks, confirming broad near- and intermediate-term downside alignment. The 74.23 pivot low is the immediate structural support, with 66.50 representing the larger support zone; 83.47 is the reversal threshold for a new short-term pivot high. The yearly grid and rising 100- and 200-day long-term benchmarks preserve a broader bullish backdrop, making the current decline a pronounced countertrend retracement within that longer-term structure.