CL=F: Crude Oil Futures Poised to Reach $104.50 within 90 Days
Will CL=F's bullish technical setup propel it to $104.50 within 90 days?
CL=F
CL=F
$96.60
▼ -4.38% 7d
1D
+0.26%
7D
-4.38%
30D
+0.03%
RSI
78.3
20MA
$100.9845
50MA
$98.3816
MACD
1.1962
SUPP
$88.66
RES
$110.93
30-DAY PRICE CHART
CONFIDENCE
43% LOW
OMGHive Quant · May 24, 2026
CL=F is showing a bullish technical setup with a golden cross in effect and MACD positive, indicating potential for further upside. Despite overbought RSI, the price is pulling back toward the 20MA in an uptrend, suggesting a buying opportunity.
High volatility: ATR 6.26% of price — wide swings expected
Technical Analysis
The golden cross (20MA > 50MA) is in effect, indicating a bullish trend. The MACD is positive, suggesting continued upward momentum. Despite the RSI being overbought at 78.3, the price is pulling back toward the 20MA, which is a common occurrence in an uptrend. The support level at $88.66 provides a safety net for the price, while the resistance level at $110.93 is a potential target.
CL=F will reach $104.50 within 90 days, driven by the bullish technical setup and momentum indicators. The price will likely continue to pull back toward the 20MA before resuming its upward trend, with a potential breakout above the resistance level at $110.93 if momentum persists.
Market Context
INTC
$119.84
▼ -0.37%
^GSPC
$7,473.47
▲ +0.39%
^VIX
$16.70
▼ -6.55%
WHERE WE COULD BE WRONG
A break below the support level at $88.66 would invalidate this prediction, indicating a potential reversal in the trend. Additionally, a significant increase in volatility, as measured by the ATR, could also lead to a change in the price direction.
📊 This analysis is generated from public market data (Yahoo Finance) using technical indicators including RSI, moving averages, MACD, volume trends, and support/resistance levels. This is not financial advice. Past performance does not guarantee future results. Always do your own research before making investment decisions.
PREDICTION VERIFICATION DATE
August 22, 2026
We will revisit this prediction and publish a follow-up on this date.