CRUDE OIL TECHNICAL POSITION: BIG DIVERGENCE BETWEEN CONTRACTS.Crude Oil FuturesNYMEX_DL:CL1!PrinciplesofmathprobThe current May 2026 contract broke above its previous high and reversed trend, but the continuous contract did not. The continuous contract is the one that goes into the history books because it aggregates all monthly contracts. The contract that can actually be traded is always the front-month contract; the continuous one is a construction, but long-term participants make decisions based on the continuous chart. The failure to take out the high and the subsequent break to the downside tells me that a new bearish structure is in play, and it is likely that crude will fall toward accumulation areas at lower prices. On the other hand, Brent looks very bearish after hitting its upside target and potential resistance level, reacting lower from there. I believe there will be an opportunity to accumulate oil at lower prices. At these current price levels, nobody is buying. It can also be seen that Brent failed to make a new high on the 4-hour chart. At the very least, I think it is worth considering that the bullish trend has run out of energy. --- In the long run, I think it will end up going up, but the "short-term" flow suggests a drop is likely. Therefore, the overall framework would be a dip to support-accumulation before heading back up.