**CL ā Crude Oil Futures (May 2026)**
**4H Chart Breakdown**
*Overnight session in progress*
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### š Key Observations
ā¢ CL is currently trading around **91.29**, attempting a **bounce after a sharp rejection from the ~98ā99 resistance zone**.
ā¢ Price recently **lost the 95.68 ā 92.75 structure**, confirming a **short-term bearish shift within a broader uptrend**.
ā¢ The pullback found support near **~86.46 ā 85.11**, where buyers stepped in and created a **reaction bounce**.
ā¢ Price is now pushing back into the **91.00 ā 91.73 zone**, which is a **key pivot area and prior support/resistance flip**.
ā¢ The **rising trendline (teal)** is still intact, meaning the **higher timeframe trend has not fully broken yet**.
ā¢ Volume increased during the selloff and remains elevated, suggesting **active participation and potential volatility expansion**.
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### š Key Levels to Watch
**Immediate Resistance**
ā¢ **91.73** ā Immediate resistance
ā¢ **92.75 ā 95.68** ā Strong resistance zone
ā¢ **97.31 ā 98.76** ā Major resistance zone
**Support Below**
ā¢ **88.01** ā Immediate support
ā¢ **86.46** ā Key support
ā¢ **85.11** ā Strong support
ā¢ **82.68** ā Lower support
ā¢ **78.64** ā Major support
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### š§ Trading Plan
#### Bearish Scenario
Trigger: Rejection near **91.73** or within **92.75 zone**
Targets:
ā¢ **88.01**
ā¢ **86.46**
ā¢ **85.11**
ā¢ **82.68**
Stop Loss:
ā¢ Sustained move above **95.68**
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#### Bullish Scenario
Trigger: Strong reclaim and hold above **91.73**
Targets:
ā¢ **92.75**
ā¢ **95.68**
ā¢ **97.31**
ā¢ **98.76**
Stop Loss:
ā¢ Loss of **88.01**
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### š§ Summary
CL is currently **bouncing within a larger pullback**, sitting at a **key decision level around 91.00ā91.73**.
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 ā next move likely sets short-term direction.**