**CL — Crude Oil Futures (May 2026)**
**4H Chart Breakdown**
*Overnight session in progress*
—
### 🔍 Key Observations
• CL is currently trading around **91.29**, attempting a **bounce after a sharp rejection from the ~98–99 resistance zone**.
• Price recently **lost the 95.68 → 92.75 structure**, confirming a **short-term bearish shift within a broader uptrend**.
• The pullback found support near **~86.46 – 85.11**, where buyers stepped in and created a **reaction bounce**.
• Price is now pushing back into the **91.00 – 91.73 zone**, which is a **key pivot area and prior support/resistance flip**.
• The **rising trendline (teal)** is still intact, meaning the **higher timeframe trend has not fully broken yet**.
• Volume increased during the selloff and remains elevated, suggesting **active participation and potential volatility expansion**.
—
### 📊 Key Levels to Watch
**Immediate Resistance**
• **91.73** → Immediate resistance
• **92.75 – 95.68** → Strong resistance zone
• **97.31 – 98.76** → Major resistance zone
**Support Below**
• **88.01** → Immediate support
• **86.46** → Key support
• **85.11** → Strong support
• **82.68** → Lower support
• **78.64** → Major support
—
### 🧭 Trading Plan
#### Bearish Scenario
Trigger: Rejection near **91.73** or within **92.75 zone**
Targets:
• **88.01**
• **86.46**
• **85.11**
• **82.68**
Stop Loss:
• Sustained move above **95.68**
—
#### Bullish Scenario
Trigger: Strong reclaim and hold above **91.73**
Targets:
• **92.75**
• **95.68**
• **97.31**
• **98.76**
Stop Loss:
• Loss of **88.01**
—
### 🧠 Summary
CL is currently **bouncing within a larger pullback**, sitting at a **key decision level around 91.00–91.73**.
If price **fails to reclaim this level**, continuation lower toward **mid-80s support** is likely.
If bulls can **hold above 91.73 and reclaim 92.75**, this could resume the **broader uptrend**, as the higher timeframe structure is still **technically intact**.
This is a **decision zone — next move likely sets short-term direction.**