Crude Oil Price Forecast for Next Week

Crude Oil Price Forecast for Next Week (25th - 29th August 2025)

Oil held firm after U.S. inventory data revealed strong demand, with sharp drawdowns in crude and gasoline stocks reinforcing confidence in consumption despite ongoing geopolitical uncertainties. A weakening dollar and renewed optimism across broader markets further supported crude prices.

WTI Crude Oil has rebounded marginally from the bottom and after finding support at $6180 level, surged by nearly +1% to closed at $63.77. Here, price has formed Bullish hammer formation on Weekly chart.

After a dip to 5403, the MCX Crude Oil September contract staged a rally, closing the week at 5566. This price increase, however, was not supported by fresh buying interest. The market saw a significant instance of short covering, as evidenced by the sharp decline in open interest from 15,380 to 12,640 lots. The rally faces a challenge, as the price is still well below key moving average resistances at the 50-DEMA (5677) and 200-DEMA (5813). Momentum indicators, like the RSI, reflect this indecisiveness, holding near the 45 mark.

From a technical perspective, breakout over resistance level along with significant Long buildups in OI will accelerate upward momentum in Crude oil price in upcoming sessions. We are expecting Sideways to Bullish trend in Crude oil price for next week and traders may look for Buy-on-dips opportunity.

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Prediction given by Technical Research Team - Choice.