CL Crude Oil Futures Weekly Chart Analysis: 2026-Nov-06 07:02 CT

Price Action

• Last: 105.00,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -159%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: -62%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 155%
• 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 87.73,
• 5. Levels R: 104.89, 61.00,
• 6. Levels S: 59.70, 37.95, 32.36, 31.20, 15.29.

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: 52.49 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

Overall Rating

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

Key Insights Summary

Crude oil is in an explosive weekly upswing, with large-range bars driving price to the 105.00 area and above every rising benchmark. The pivot structure remains in a short-term UTrend and the intermediate HiLo sequence is also upward, with 104.89 becoming the active pivot-high resistance area. The sharp advance is extended relative to the weekly and monthly fib-grid readings, which remain below their F0% references and retain Down trends, creating a notable countertrend condition versus the broader yearly Up trend. The 87.73 pivot-low reversal level is the key structural reference beneath the current rally, while 59.70 remains the major higher-level support from the prior base. The market’s dominant technical theme is a high-volatility upside continuation following a powerful recovery from the 2026 lows.