Crude Oil Price Forecast for Next Week

Crude Oil Price Forecast for Next Week (29th December 2025 - 2nd January 2026)

Crude oil prices experienced a sharp decline following indications of potential progress in a Ukraine–Russia peace agreement. Ukrainian President Zelensky announced an upcoming meeting with President Trump, asserting that a nearly complete 20-point peace plan depends on this discussion and cannot be finalized without Russia and Europe’s input. Despite this dip, crude oil prices achieved their largest weekly increase since October, with Brent and West Texas Intermediate rising over $2 per barrel, influenced by heightened U.S. actions against Venezuela and a military strike in Nigeria.

Crude oil price has resumed on a positive note in the past week, inclined marginally from the support low of 5026, nearly +5%. However, price has dropped by -1.71% on Friday due to geo-political updates and managed to settle at 5180. This brings a bullish inverted hammer candle emerging on the weekly chart. Crude oil price has still remained in a symmetric triangle. Price has failed to break through the resistance of the 50-DEMA level placed at 5286, which will be a crucial resistance to watch. Daily SAR is placed at 5012.

As price has retraced on Friday, we have observed a rise in OI levels to 18,870 lots, which suggests a short buildup in the January contract. With recent geo-political developments, RSI levels have dropped below 50 on the daily and weekly charts.

Traders are advised to wait for a breakout over the resistance levels to go for a long opportunity in crude oil.

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Prediction given by Technical Research Team - Choice.