Crude Oil Price Prediction for 14 July 2025 – Breakout or Reversal?

 

🛢️ Crude Oil Prediction – 14 July 2025 (Intraday Outlook)

Crude Oil Technical Analysis & Long-Term View – July 2025

Current Price: ₹5,889
Change: +163 (+2.85%)
Chart Timeframe: 1 Hour (MCX Futures)

🔍 Technical Analysis:

• Resistance Zone: ₹5,890 (currently being tested)

• Support Levels: ₹5,862, ₹5,848, ₹5,807

• Trend: Strong bullish breakout after a short-term correction.

• Volume Spike: Recent rally is supported by rising volumes, indicating strong buying interest.

• Indicators: EMA 5 is sharply sloping upward, confirming short-term momentum.

📈 Intraday Trade Plan for 14 July:

• If price breaks and sustains above ₹5,890:
  🔹 Target 1: ₹5,920
  🔹 Target 2: ₹5,950
  🔹 Stop Loss: ₹5,860

• If price rejects ₹5,890 resistance:
  🔹 Short Entry Below: ₹5,875
  🔹 Target: ₹5,848 / ₹5,807
  🔹 Stop Loss: ₹5,895

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🔮 Crude Oil Long-Term View (Q3–Q4 2025)

🌐 Global Factors to Watch:

• OPEC+ Production Cuts: Any increase in cuts may lead to a price rise.

• Geopolitical Risks: Ongoing Middle East tensions could push prices higher.

• US Dollar Index: A weaker dollar supports crude oil prices globally.

• Demand Forecast: Higher seasonal demand in Q3 & Q4 expected due to industrial activity.

📊 Long-Term Technical Outlook:

• Weekly Resistance: ₹6,050 – ₹6,150

• Weekly Support: ₹5,600 – ₹5,480

• Structure: The broader trend remains bullish as long as price stays above ₹5,480 on weekly closing basis.

📌 Strategy for Swing Traders:

• Buy on Dips: Accumulate between ₹5,700–₹5,750

• Target: ₹6,100+

• Stop Loss: ₹5,480 (Weekly closing)