Crude Oil Price Forecast for Next Week

Crude Oil Price Forecast for Next Week (14th - 20th June 2025)

Crude Oil Futures have demonstrated a probable breakout over a long-standing declining trendline, signaling a shift in mood from negative to positive. However, for a solid confirmation of trend reversal, the price must close and remain above the important resistance zone of 5600. This level coincides with past swing highs and a cluster of moving averages, indicating a critical breakout point for upward momentum to continue.

Copper prices edged higher this week, buoyed by a softer U.S. Dollar and positive investor sentiment stemming from a constructive phone call between Presidents Trump and Xi Jinping. However, uncertainties persist due to the lack of a concrete trade agreement.

On the downside, 5410 and 5250 act as important support levels. These levels have held strong during past pullbacks and coincide with consolidation zones and moving averages. RSI is showing strength above 60, and volume expansion suggests growing buying interest. A successful close above 5600 could open upside targets toward 5840 and beyond in the coming sessions.

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Prediction given by Technical Research Team - Choice.