Crude Oil Price Forecast for Next Week

Crude Oil Price Forecast for Next Week (22nd - 26th December 2025)

US WTI Crude oil prices have experienced a further decline of -1.62% over the past week, consolidating at lower levels after holding support at $54.96 and closing at $56.50 per barrel. Traders are increasingly concerned about projected global oversupply for the coming year, driven by rising output from OPEC+, the United States, and other producers. Additionally, traditional upward pressure from Venezuela tanker movements has provided only limited support, compounded by uncertainty regarding the enforcement of President Donald Trump's directive to block sanctioned vessels, which has diminished the geopolitical premium in the market. In the near term, the potential peace deal in Ukraine is expected to serve as a significant factor influencing oil market dynamics.

After a dead-cat bounce towards the resistance on 20-EMA on Weekly chart, Crude oil price has continued to decline for past two consecutive weeks, declined by -2.33% in past week and managed to close on a negative note at $51.06. Price has rebounded marginally from the support of $50.06 in past week. With this closing, price has broken through the support of Symmetrical triangle. Needless to mention, price has continued to trail below its all key moving averages i.e. 20, 50 and 100-DEMA levels placed at $52.11, $52.95 and $53.98 respectively. Here, Daily SAR is currently at $53.54.

With recent price consolidation at dips, we can observe a decline in OI levels to 4930 lots, which suggests that bearish business is getting fading among the traders and we may expect a pullback in Crude oil rather than continuation of a Bearish trend. RSI levels remained around 40 on Daily and Weekly chart. Also, there is a convergence on MACD along with a declining negative histogram.

Traders may advise to wait for the reversal on Crude oil price from current dips and look forward for the Long opportunity.

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Prediction given by Technical Research Team - Choice.