Crude Oil Price Forecast for Next Week

Crude Oil Price Forecast for Next Week (27th  - 31st October 2025)

Oil hits its largest weekly gain since June on supply fears from U.S. sanctions on Russian producers. Optimism over U.S.-China trade talks lifts demand sentiment. Even the hint of renewed dialogue fuels hope in a sluggish market.

US WTI Crude oil spot has rebounded significantly in past week, posted surge of +6.68% after holding support over $56.33 and closed on a bullish note at $61.39 / barrel. Key resistance would be at 200-DEMA level placed at $65.55.

MCX Crude oil November contract has changed its course, shown a signs of bullish reversal after reversing from the support low of 4948. Price has inclined by +7% and settled at 5422. Here, on Weekly time-frame, we can observe a formation of Bullish engulfing pattern at the bottom of the Bearish trend. However, price has still remained below its key moving averages i.e. 50, 100 and 200-IDEMA levels placed at 5464, 5559 and 5694 respectively. Daily SAR is now placed at 4959 which will be key support for the Crude oil price.

The momentum indicator, RSI levels rebounded from oversold area and trailing between 40 – 50 on Daily, Weekly and Monthly chart. Also, we can observe a bullish crossover on MACD below zero-line alongside emergence of positive histograms which collectively suggests a bullish biasness in Crude oil.

Overall, the trend in crude oil remains Moderately bullish in the near term. Traders should stay cautious on price corrections and may consider buy-on-dips opportunities near support zones.

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Prediction given by Technical Research Team - Choice.