Crude Oil Price Forecast for Next Week

Crude Oil Price Forecast for Next Week (24th - 28th November 2025)

Crude oil prices fell on expectations that an end to the war would lift restrictions on Russian crude sales, allowing that supply to enter the market at the same time that oil is being stored on tankers and major producers have raised their output limits. The larger-than-expected fall in US crude stockpiles published on Wednesday lent some support to prices, reflecting higher refinery runs amid good margins in the world’s largest oil consumer, as well as export demand for US crude. The EIA reported that crude inventories declined by 3.4 million barrels to 424.2 million barrels in the week ending November 14.

Crude oil has posted decline of nearly –2.75% in past week, traded negatively and closed at 5197. Price has breakthrough the support line of Symmetric triangle and managed to settle below its all key moving averages i.e. 20, 50 and 100-DEMA levels placed at 5304, 5383 and 5481 respectively. Daily SAR is also placed upside at 5470 which will be crucial level to look for. Downside key support would be at 5124 and breakout of this level will boost bearish momentum in Crude oil price where price may test its next support at 4948 in upcoming sessions.

Looking at OI levels, we can observe a rise in OI levels to 16,160 lots in December contract alongside price-decline. These signifies an overall weakness in Crude oil price. RSI levels remains below 45 on 4-hourly, Daily as well as Weekly chart.

Overall, the trend in crude oil remains Sideways to bearish trend in upcoming week and traders may look for Sell-on-rise opportunity.

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Prediction given by Technical Research Team - Choice.