CL Crude Oil Futures Daily Chart Analysis: 2026-Nov-12 15:03 CT

Price Action

• Last: Approximately 89.00 (black price marker not visible),
• Bars: Medium,
• Mom: Fast downside momentum followed by a slower rebound.

WSFG Weekly

• Short-Term
• WSFG Current: -19%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Nov

• Intermediate-Term
• MSFG Current: -77%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 153%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: Neutral,
• 3. Pvt. Evolve: Pvt low 83.88,
• 4. Pvt. Next: Pvt high 93.16,
• 5. Levels R: 104.99,
• 6. Levels S: 83.88, 67.44, 59.70, 44.32, 38.82.

Daily Benchmarks

• (Short-Term) 5 Day: 88.15 Down Trend,
• (Short-Term) 10 Day: 92.76 Down Trend,
• (Intermediate-Term) 20 Day: 96.19 Down Trend,
• (Intermediate-Term) 55 Day: 90.86 Down Trend,
• (Long-Term) 100 Day: 83.07 Up Trend,
• (Long-Term) 200 Day: 78.42 Up Trend.

Additional Metrics

• ATR: 415,
• VOLMA: 326153.

Recent Trade Signals

• 12 Nov 2026: Long CL 12-26 @ 88.93 Signals.USAR.TR120
• 09 Nov 2026: Short CL 12-26 @ 89.45 Signals.USAR-WSFG

Overall Rating

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

Key Insights Summary

The swing-trading picture is a sharp corrective selloff within a still-rising long-term trend. The decline from 104.99 to the evolving 83.88 pivot low broke the prior upswing, while the mixed high/low pivot structure leaves the intermediate pivot trend neutral. Price has rebounded toward 89 and recovered above the falling five-day benchmark, but remains below the falling 10-, 20- and 55-day benchmarks and November’s NTZ. The latest TR120 long signal therefore describes a countertrend recovery rather than broad bullish alignment; the weekly short signal remains directionally consistent with the weaker weekly and monthly grids. The 90.86–93.16 area contains the 55-day benchmark, 10-day benchmark and next pivot reversal threshold, while 83.88 support sits near the rising 100-day benchmark at 83.07. Rising long-term averages and the positive yearly grid preserve the broader bullish backdrop. Elevated daily ranges emphasize the volatility of this correction. The chart alone does not establish a news catalyst or a seasonal explanation.