Crude Oil Price Forecast for Next Week

Crude Oil Price Forecast for Next Week (15th - 19th December 2025)

US Oil prices witnessed selling pressure during the week, declining by -5.4% after facing stiff resistance near the $60.50 mark, which coincides with the 50-DEMA on the daily chart. The rejection from this level indicates supply dominance at higher prices, shifting the near-term bias towards consolidation to mildly bearish. On the downside, immediate support is placed around the $57–$56 zone, where buying interest has previously emerged.

MCX Crude Oil December futures declined by -286 points for the week, registering a low of 5160 before settling at 5228. Prices continue to trade below all key moving averages i.e. 20-, 50-, 100- and 200-DEMA positioned at 5289, 5342, 5403 and 5462 respectively, highlighting a weak structural setup. The contract is currently hovering close to a crucial support zone, with the broader demand area seen in the 5100–4960 range, where traders should remain cautious for volatility spikes.

From an indicator perspective, momentum remains subdued. RSI is trading below the neutral 50 mark, reflecting lack of bullish strength and continued pressure from sellers. The oscillator structure points to weak recovery attempts rather than a sustained trend reversal. Volumes remain moderate, suggesting absence of aggressive fresh participation. Importantly, Open Interest declined by ~5000 lots along with price erosion, indicating long unwinding and lack of fresh long buildup, which reinforces the cautious undertone in the market.

Overall, the trend remains cautious to weak as long as prices stay below the cluster of moving averages. Traders should avoid aggressive longs near resistance and remain watchful near final support bands. A decisive breakdown below this zone may open further downside, while any recovery is likely to face selling pressure.

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Prediction given by Technical Research Team - Choice.