Crude Oil Price Forecast for Today, Tomorrow, Next Week, and 30-Day Forecast
Clear oil prices forecast with key levels, market drivers and outlook for today, the week ahead and the next 30 days to guide trading decisions.
This WTI oil technical analysis covers the main factors driving oil prices: OPEC+ decisions, US inventory data, geopolitical risks, and global demand. See why Crude oil remains a highly liquid instrument for trading in the market, and follow the latest oil price forecast for crude oil.
Key Takeaways
Intraday selling pressure remains dominant after decisive breaks of $88 and $86. Preferred sell entries on rebounds toward $85.00–$85.50 with stops above $86.50.
Base case targets the next round levels at $83.00 and $82.00.
On the weekly horizon, the path of least resistance continues lower while physical supply recovers and the geopolitical premium contracts.
Over the next 30 days, the primary downside zones sit at $80.00 and then $75.00, provided no confirmed large-scale supply disruption materializes.
Latest WTI Crude Oil Technical Analysis for Today
H1: WTI is already trading below $85.00, with bears clearly focused on the nearest round numbers at $83.00 and $82.00.
RSI: 33,12
MACD: Bearish
MA: $85,07
H4: On the H4 chart the key supports at $88.00 and $86.00 were broken with conviction. Price has therefore entered a phase of relatively free decline, as meaningful intermediate supports are scarce until the psychological $80 area.
RSI: 25,72
MACD: Bearish
MA: $86,79
Oil Trading Plan for Today
- Supports: $83.00 / $82.00 / $80.00
- Resistances: $85.00–$85.50 / $86.00
- Base scenario: Continuation lower toward $83.00 and $82.00.
- Alternative scenario: Short-lived bounce into the $85.00–$86.00 zone, followed by a fresh leg of strong selling.
Oil Live Price Today
WTI continues to weaken after the previous session’s sharp drop. Prices are now holding below $85 amid recovering OPEC output, reduced expectations of further U.S. strikes on Iran, and improving diplomatic signals.
The market is digesting both higher physical flows and residual infrastructure risks.
On the daily timeframe the next potential demand zones lie at $80.00 and $75.00.
Oil Price Forecast for Tomorrow
Tomorrow the dominant bias remains lower. Price is expected to probe toward the psychological $80.00 area, although short-covering bounces cannot be ruled out after the recent pace of decline.
Will oil go up tomorrow? The prevailing trend still favors further downside until clearer evidence of physical supply loss appears.
Oil Price Forecast for This Week
Key data releases this week will drive volatility and could shift the supply-demand narrative.
- 9–10 Nov, ~21:30 UTC: API weekly stocks. Medium – preliminary U.S. inventory reading
- 11 Nov: OPEC Monthly Oil Market Report. High – demand, supply and balance assessment
- 12 Nov, 17:00 UTC: EIA weekly petroleum stocks. High – actual U.S. crude and product inventory changes
- 13 Nov, 09:00 UTC: IEA Monthly Oil Market Report. High – independent global demand, supply and stock evaluation
| Date |
November 9 – November 13, 2026 |
| Minimum | $84,25 |
| Average |
$87,38 |
| Maximum |
$90,52 |
Focus remains on any revision to the expected global surplus/deficit, estimates of Middle Eastern flows, and the trajectory of U.S. inventories. These factors are most likely to alter the current market balance assessment.
Oil Price Forecast for the Next 30 Days
- 11 November — OPEC Monthly Report. Global demand, supply and output assessment
- 12 November — EIA inventories. U.S. supply-demand balance
- 13 November — IEA report. Global oil balance, refining and stocks
- 18 & 25 November — EIA inventories. Ongoing U.S. market dynamics
- 29 November— OPEC+ meeting. Production guidance decisions for 2027
Over the coming month, direction will be driven primarily by developments around Iran and the Strait of Hormuz, followed by actual supply volumes and inventory trends.
The 1 November OPEC+ decision is already priced in; the next major cartel-related risk is the 29 November gathering.
WTI price outlook next month leans lower, with the $75–$80 zone as a realistic WTI price target should geopolitical de-escalation and rising supply risks materialize
Oil Price Analysis and Forecasting Methodology
Our oil forecast methodology combines fundamental analysis of supply-demand balances, OPEC decisions, inventories, and geopolitical risks with technical analysis of price charts, trends, and key levels. We also factor in market sentiment from positioning data and news flow. This multi-layered approach to calculating oil price forecasts delivers balanced, data-driven projections you can rely on.
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Summary
WTI remains under pressure as OPEC supply recovers and the geopolitical risk premium shrinks. Technical structure points lower toward $83–$82 near-term and $80–$75 over the coming weeks. Confirmed infrastructure damage would be needed to alter the current supply-driven narrative.
The trade levels, signals and forecasts in this article are calculated automatically from technical indicators and price history. They are not investment advice or a recommendation to buy or sell any financial instrument. Past performance and forecasts do not guarantee future results. Risk Warning: CFDs are complex financial products traded on margin. Trading CFDs is risky and may not be suitable for all investors. Ensure you understand the risks involved as you may lose all your invested capital.
Crude Oil Price Forecast FAQs
What is the current price of Crude Oil now?
November 11, 2026
$85.41
When Will Oil Prices Drop?
Prices are already falling. Further declines toward $83–$82 and then $80 are expected in the coming sessions as supply recovers and the geopolitical premium shrinks. Confirmed infrastructure losses would be needed to reverse the move.
Will Oil Rise or Fall Next Week?
The bias remains lower. Key reports from OPEC, EIA and IEA will drive volatility, but recovering supply and reduced risk premium keep the path of least resistance pointed downward toward the $80 area.
How Do We Do Oil Technical Analysis?
We combine chart patterns, support/resistance, moving averages, RSI and MACD with fundamental factors like supply data, inventories and geopolitics. This integrated approach strengthens trend signals and improves forecast accuracy in our oil reviews.
How to Trade Oil Technical Analysis?
Follow the ready technical setups and levels provided in our daily oil reviews. We already combine indicators with fundamental context, so you receive clear entry zones, targets and risk parameters without extra work.
Khaled Kamal is a Market Analyst & Business Development Manager at Investizo with several years of experience in the financial services industry. His areas of focus include forex markets, trading strategies, risk management, copy trading and the practical aspects of financial markets.
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