**CL — Crude Oil Futures (May 2026)** **4H Chart Breakdown**Crude Oil Futures (May 2026)NYMEX:CLK2026EthicalxTrader**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.**