CL technical analysis
CL Technical Analysis
Analysis date
August 4, 2026
Market
NYMEX (USD)
Daily cutoff
August 3, 2026
Reliability
Passed
Informational use only. This page is not investment advice.
Data verification
CL Data Verification
Checking the latest completed daily bar for date and closing-price consistency before indicators are calculated.
- Symbol
- CL
- Market
- NYMEX
- Currency
- USD (US Dollar)
- Latest completed bar
- August 3, 2026
Historical prices are adjusted for corporate actions when applicable. Date and closing-price consistency checks passed for the latest completed daily bar.
| Validation series | Latest Close | Date | Difference | Status |
|---|---|---|---|---|
| Calculation series | 80.34 | August 3, 2026 | - | Verified |
| Verification series | 80.34 | August 3, 2026 | 0.00% | Verified |
Bottom line
CL Technical Analysis Summary
Crude Oil Futures (CL) show a mixed technical picture after a sharp one-day drop at the August 3, 2026 cutoff. The daily chart shows price at 80.34, below SMA20 (80.87) and SMA50 (81.85) but above SMA200 (75.90), following a 5.11% decline that pulled price back from the 93.50 20-day high. Daily RSI14 at 48.21 is neutral and the MACD histogram is positive at 0.23 but narrowing, showing cooling momentum. The weekly chart is more constructive: price at 84.67 sits above SMA50 (73.79) and SMA200 (74.85) but below SMA20 (89.50), with a negative MACD histogram at -1.65. Price sits at 39.32% of the daily 52-week range and 46.03% on the weekly chart. Key support is at 68.58 (daily 20-period low), 67.04 (daily 60-period low and weekly 20-period low), and 54.98 (52-week low). Key resistance is at 89.50 (weekly SMA20), 93.50 (daily 20-period high), and 117.63 (weekly 20-period high). A close back above the daily SMA20 would improve the short-term technical outlook; a break below 67.04 would confirm renewed downside pressure.
Multi-timeframe dashboard
Multi-Timeframe Technical Dashboard
Comparing daily (2-year) and weekly (5-year) perspectives to identify aligned or conflicting signals.
Daily (August 3, 2026)
- Trend
- Mixed. Price at 80.34 is below SMA20 (80.87) and SMA50 (81.85) but above SMA200 (75.90). The 5.11% decline on August 3 pushed price under the 20-day and 50-day averages after the rally into the 93.50 20-day high, while the 200-day average at 75.90 provides structural support below.
- Momentum
- Neutral. RSI14 at 48.21 is just below the neutral 50 level. MACD (1.12) is above its signal (0.90) with a positive histogram at 0.23, but the histogram has narrowed, indicating that the recent upward momentum is fading after the sharp pullback.
- Volatility
- Elevated. ATR14 at 4.72 (5.88% of price) reflects high daily swings for crude oil. Bollinger Bands (69.51 to 92.22) are wide, and the close at 80.34 sits in the lower half of the band range after the recent drop.
- Volume
- Below average. Latest volume of 257,851 contracts is 89.26% of the 20-period average (288,888), showing slightly reduced participation during the pullback.
Assessment
The daily chart shows a sharp pullback within a broader recovery. Price has fallen back below the 20-day and 50-day averages, and momentum is cooling, but the 200-day average at 75.90 remains intact. The 20-day low at 68.58 is the immediate downside reference, while reclaiming SMA20 at 80.87 would signal stabilization. The elevated ATR reflects a high-volatility crude market.
Weekly (July 27, 2026 week)
- Trend
- Mixed. The completed weekly close at 84.67 is above SMA50 (73.79) and SMA200 (74.85) but below SMA20 (89.50). The averages are not in a clear order, and the recent recovery has not yet reclaimed the 20-week average.
- Momentum
- Neutral. RSI14 at 51.81 sits slightly above the 50 midline. MACD (1.09) is below its signal (2.74) with a negative histogram at -1.65, indicating that medium-term momentum has cooled even though price holds above the 50-week and 200-week averages.
- Volatility
- High. ATR14 at 11.51 (13.59% of price) reflects wide weekly ranges in the crude market. Bollinger Bands (66.36 to 112.63) are exceptionally wide, reflecting sustained uncertainty in oil prices.
- Volume
- Slightly above average. Weekly volume of 1,541,502 contracts is 110.74% of the 20-week average (1,392,058), indicating active participation.
Assessment
The weekly chart shows a constructive base above the 50-week and 200-week averages, with price at 84.67 having recovered from the 67.04 20-week low. The negative MACD histogram, however, shows that momentum has not yet confirmed the recovery, and price remains below the 20-week average at 89.50. A weekly close above 89.50 would strengthen the setup, while a break below 67.04 would undermine it.
Key indicators
CL Key Technical Indicators
RSI, MACD, moving averages, ATR, and Bollinger Bands across daily and weekly timeframes.
| Indicator | Daily | Weekly |
|---|---|---|
| RSI (14) | 48.21 | 51.81 |
| MACD (12, 26, 9) | 1.12 / 0.90 / 0.23 | 1.09 / 2.74 / -1.65 |
| ATR (14) | 4.72 (5.88%) | 11.51 (13.59%) |
| Bollinger Bands (20, 2) | 69.51 - 92.22 | 66.36 - 112.63 |
| SMA (20) | 80.87 | 89.50 |
| SMA (50) | 81.85 | 73.79 |
| SMA (200) | 75.90 | 74.85 |
Price structure
CL Price Structure and Returns
Price performance across multiple lookback periods and 52-week position.
| Metric | Daily | Weekly |
|---|---|---|
| Current Price | 80.34 | 84.67 |
| 1-Period Return | -5.11% | -5.20% |
| 5-Period Return | -2.75% | +22.30% |
| 20-Period Return | +17.20% | -14.22% |
| 60-Period Return | -15.50% | +31.11% |
| 252-Period Return | +16.00% | +11.58% |
| 52-Week Low | 54.98 | 54.98 |
| 52-Week High | 119.48 | 119.48 |
| 52-Week Position | 39.32% | 46.03% |
Key levels
CL Support and Resistance Levels
Key price levels based on recent swing highs and lows across daily and weekly timeframes.
| Level | Daily | Weekly |
|---|---|---|
| 20-Period High | 93.50 | 117.63 |
| 20-Period Low | 68.58 | 67.04 |
| 60-Period High | 109.47 | 119.48 |
| 60-Period Low | 67.04 | 54.98 |
Scenarios
CL Technical Scenarios
Conditions, invalidation triggers, and what to watch for each scenario.
Bullish
Trigger
Price closes back above the daily SMA20 at 80.87 and then reclaims the weekly SMA20 at 89.50 with rising volume.
Invalidation
Price breaks below the 60-period low at 67.04.
What to watch
Daily RSI recovering above 55 and the weekly MACD histogram turning positive; volume expanding on up days.
Range-Bound
Trigger
Price oscillates between the 67.04 support and the 89.50 to 93.50 resistance zone.
Invalidation
A decisive break of either boundary with expanding ATR.
What to watch
RSI holding between 40 and 60; the daily and weekly MACD histograms staying near zero; Bollinger Band width stabilizing.
Bearish
Trigger
Price breaks below the 60-period low at 67.04 and then the 52-week low at 54.98.
Invalidation
Price reclaims the daily SMA20 at 80.87 and holds above it.
What to watch
Sustained closes below SMA200 at 75.90; daily RSI slipping below 40; volume expanding on selloffs.
Methodology
Methodology and Limitations
This technical analysis is calculated locally from adjusted OHLCV history. The daily series ends August 3, 2026, and the weekly series ends July 27, 2026 week. The latest completed daily bar is independently checked for date and closing-price consistency. Historical prices are adjusted for corporate actions when applicable. Indicators include Wilder RSI(14), MACD(12,26,9), SMA20/50/200, Wilder ATR(14), Bollinger Bands(20,2), relative volume, multi-period returns, and price-range levels. Support and resistance are descriptive zones, not guaranteed reversal points. Historical patterns do not predict future prices, and this page is not investment advice.
Frequently Asked Questions
This technical analysis is for informational and educational purposes only. It does not constitute investment advice, a recommendation, or a solicitation to buy or sell any commodity, futures contract, or security. Past performance and historical patterns are not guarantees of future results. Futures trading involves substantial risk of loss and is not suitable for all investors. Always conduct your own research and consult with a qualified financial advisor before making trading or investment decisions.
Market data is checked for date and closing-price consistency before indicators are calculated. Data cutoffs: daily August 3, 2026, weekly July 27, 2026 week. Generated August 4, 2026.
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