CL Crude Oil Futures Weekly Chart Analysis: 2026-Nov-08 18:02 CT

Price Action

• Last: 91.00,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -175%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: -63%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 157%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt high 104.89,
• 4. Pvt. Next: Pvt low 85.73,
• 5. Levels R: 104.99, 101.60,
• 6. Levels S: 59.70, 37.95, 32.36, 31.20, 15.29.

Weekly Benchmarks

• (Short-Term) 5 Day: 97.49 Down Trend,
• (Short-Term) 10 Day: 94.13 Down Trend,
• (Intermediate-Term) 20 Day: 83.58 Up Trend,
• (Intermediate-Term) 55 Day: 73.97 Up Trend,
• (Long-Term) 100 Day: 58.50 Up Trend,
• (Long-Term) 200 Day: 51.40 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: Bearish,
• Intermediate-Term: Neutral,
• Long-Term: Bullish.

Key Insights Summary

Price has experienced a fast, high-volatility reversal from the 104.89 pivot high, leaving the weekly swing structure in a short-term DTrend and below both short-term benchmarks. The 94.13 to 97.49 benchmark band and 101.60 to 104.99 pivot-resistance zone frame the recent rejection area, while 85.73 defines the next downside pivot threshold. The intermediate picture is mixed: monthly grid conditions are down, yet the higher-level HiLo structure and rising 20- and 55-week benchmarks remain constructive. The yearly grid remains firmly positive, with price still materially above the rising 100- and 200-week averages, characterizing the current decline as a sharp countertrend retracement within a broader long-term uptrend.