CL Crude Oil Futures Weekly Chart Analysis: 2026-Oct-16 07:02 CT

Price Action

• Last: 96.44,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: 78%
• F0%/NTZ' Bias: Price Above,
• WSFG Trend: Up.

MSFG Month Oct

• Intermediate-Term
• MSFG Current: 47%
• F0%/NTZ' Bias: Price Above,
• MSFG Trend: Up.

YSFG Year 2026

• Long-Term
• YSFG Current: 172%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: UTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 100.88,
• 4. Pvt. Next: Pvt low 83.64,
• 5. Levels R: 100.88,
• 6. Levels S: 59.70, 37.95, 33.20, 32.36, 30.57.

Weekly Benchmarks

• (Short-Term) 5 Day: 92.19 Up Trend,
• (Short-Term) 10 Day: 85.22 Up Trend,
• (Intermediate-Term) 20 Day: 79.00 Up Trend,
• (Intermediate-Term) 55 Day: 69.98 Up Trend,
• (Long-Term) 100 Day: 56.28 Up Trend,
• (Long-Term) 200 Day: 51.33 Up Trend.

Recent Trade Signals

• 15 Oct 2026: Long CL 12-26 @ 96.44 Signals.USAR.TR120
• 13 Oct 2026: Long CL 11-26 @ 92.52 Signals.USAR-MSFG
• 13 Oct 2026: Long CL 11-26 @ 92.71 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

Crude oil is in a broad multi-timeframe uptrend, with price materially above all six rising weekly benchmarks and above the weekly, monthly, and yearly fib-grid equilibrium areas. The latest advance is a fast, large-range continuation move that has rebuilt a higher-high and higher-low swing structure from the July pivot low near 59.70. The current swing is evolving as a pivot high at 100.88, making that level the primary visible resistance and a key reference for the present rally phase. Price action is strong but extended relative to the short-term averages, while the wide weekly ranges reflect elevated volatility and a momentum-driven market regime. The 83.64 pivot-next level defines the nearest meaningful swing retracement reference beneath the current advance.