Crude Oil Price Forecast for Next Week

Crude Oil Price Forecast for Next Week (1st - 5th December 2025)

US Crude Oil remained largely subdued for the week, consolidating within a narrow range of $59.6–$57 and forming a Doji candle on the weekly chart, reflecting indecision after the recent decline. Prices ultimately settled at $58.46, staying firmly below all key daily moving averages, with support seen around $57–$55.90 and resistance levels around $59.6–$60.85. The supporting moving averages continue to signal a lack of upward momentum and a persistent bearish undertone in global crude markets.

The MCX Crude Oil December contract witnessed a mild recovery of about +300 points during the week after marking a low of 5,108, eventually closing at 5,324. Despite the bounce, the contract remains capped below critical moving average resistances — the 50-, 100-, and 200-DEMA — positioned at 5,365, 5,430, and 5,480 respectively. The failure to reclaim these levels reflects overhead supply pressure. Additionally, open interest declined by about 2,200 lots, suggesting long unwinding and reduced participation during the recovery phase.

Technical indicators mirror the cautious sentiment, as RSI hovers near 50, indicating a neutral-to-weak momentum setup without any strong reversal signal yet. The daily chart shows volumes tapering after the initial rebound, while the oscillator structure highlights a lack of sustained buying strength. Price continues to respect the broader bearish structure, facing repeated rejection near dynamic moving average resistances, reinforcing the “sell on rise” bias unless a decisive breakout occurs.

Overall, the trend remains bearish, but traders should stay cautious around support levels and track price action closely for confirmation before initiating fresh positions.

Gold Price Forecast for Next Week: Get the latest prediction for gold prices to guide better investment decisions.

Natural Gas Price Prediction for Next Week: Explore the anticipated price range for natural gas in the upcoming week.

Silver Price Prediction for Next Week: Stay informed with next week's forecast for silver prices to track market trends effectively.

Copper Price Forecast for Next Week: Prepare for the upcoming week with valuable insights into copper price movements.

Prediction given by Technical Research Team - Choice.