CL Crude Oil Futures Weekly Chart Analysis: 2026-Nov-02 11:03 CT

Price Action

• Last: 100.17,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -74%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: -29%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 174%
• 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 104.89,
• 4. Pvt. Next: Pvt low 87.79,
• 5. Levels R: 104.89,
• 6. Levels S: 59.70, 37.95, 33.20, 32.36, 30.57.

Weekly Benchmarks

• (Short-Term) 5 Day: 97.44 Up Trend,
• (Short-Term) 10 Day: 93.04 Up Trend,
• (Intermediate-Term) 20 Day: 82.49 Up Trend,
• (Intermediate-Term) 55 Day: 73.31 Up Trend,
• (Long-Term) 100 Day: 58.02 Up Trend,
• (Long-Term) 200 Day: 52.10 Up Trend.

Recent Trade Signals

• 02 Nov 2026: Short CL 12-26 @ 100.17 Signals.USAR-MSFG
• 02 Nov 2026: Short CL 12-26 @ 100.72 Signals.USAR-WSFG
• 27 Oct 2026: Short CL 12-26 @ 99.9 Signals.USAR.TR120

Overall Rating

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

Key Insights Summary

CL is in a powerful long-term advance, trading well above every rising weekly benchmark and above the 2026 yearly F0%/NTZ structure. Short-term conditions are more mixed: large, fast weekly bars have pushed price into the 104.89 pivot-high resistance area while the weekly and monthly Fib grids remain negative and recent signals are short. The current structure reflects a strong broader uptrend experiencing a countertrend short-term retracement or consolidation beneath resistance; 87.79 is the pivot-reversal level defining the next downside swing threshold.