Crude Oil Prediction for Tomorrow 9 June 2026: MCX Price Forecast and Key Levels
- June 8, 2026
- Posted by: Kunal Singla
- Category: News
Crude Oil MCX Rs 8,750/barrel (+4.42%) on 8 Jun. Hot US NFP 139K. Support Rs 8,600, resistance Rs 9,000. Bullish Short-Term (Geopolitical). VIX 17.09.
The Crude Oil prediction for tomorrow 9 June 2026 is Bullish Short-Term (Geopolitical) as MCX Crude Oil closed at Rs 8,750/barrel (+4.42%) on 8 June 2026. Crude Oil surged +4.42% today on West Asia conflict escalation pushing Brent above $97/barrel. This is the single biggest daily gain in crude in several weeks, driven entirely by supply disruption fears. The hot US NFP at 139K jobs (vs 85K expected) strengthened the Dollar Index, creating headwinds across global commodities. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, provide the key technical levels and price forecast for the Crude Oil prediction for tomorrow 9 June 2026.
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Market Context: 8 June 2026 Session
- Nifty 50: 23,123 (-1.04%). US NFP 139K (vs 85K expected) and West Asia conflict drove a sharp sell-off.
- India VIX: 17.09 (++8.2%). Elevated VIX increases intraday range for tomorrow.
- SBI: Rs 981.95 (+0.43%) — the only major Nifty 50 stock to close in the green today.
- FII (5 June): Net sold Rs -4,075.06 Cr. FII selling pressure continues.
- US CPI (10 June): Next key global event. A cooler reading would support recovery for tomorrow’s prediction.
Crude Oil Price Levels for Tomorrow 9 June 2026
| Parameter | Value |
|---|---|
| MCX Close (8 June) | Rs 8,750/barrel |
| Previous Close (5 June) | Rs 8,380/barrel |
| Change | +4.42% |
| Support 1 | Rs 8,600/barrel |
| Support 2 | Rs 8,400/barrel |
| Resistance 1 | Rs 9,000/barrel |
| Resistance 2 | Rs 9,200/barrel |
| Trend | Bullish Short-Term (Geopolitical) |
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Crude Oil Prediction for Tomorrow: Technical Analysis
Ankit Jaiswal observes that the Crude Oil prediction for tomorrow is anchored at Rs 8,600 support. Crude Oil surged +4.42% today on West Asia conflict escalation pushing Brent above $97/barrel. This is the single biggest daily gain in crude in several weeks, driven entirely by supply disruption fears. A break above Rs 9,000 with volume would be the bullish trigger.
Kunal Singla notes that the Dollar Index direction overnight is the primary variable for the Crude Oil prediction for tomorrow. Post the hot US NFP (139K jobs), Dollar stability or weakness overnight is the prerequisite for any commodity recovery.
Bull and Bear Case for Crude Oil Prediction for Tomorrow
Bullish: West Asia conflict escalation disrupting Strait of Hormuz supply routes; OPEC+ 188K barrel/day adjustment. Target Rs 9,000 then Rs 9,200.
Bearish: Iran-US ceasefire deal reversing the geopolitical premium; US record production adding supply offset. Risk toward Rs 8,600 then Rs 8,400.
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Conclusion
The Crude Oil prediction for tomorrow 9 June 2026 is Bullish Short-Term (Geopolitical) with Rs 8,600 as key support and Rs 9,000 as resistance. Data sourced from open public platforms including NSE and BSE — verify from official sources before any decision.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Disclaimer: The securities quoted, if any, are for illustration purposes only and are not recommendatory. This article is for educational purposes only and shall not be considered as investment advice or a recommendation by Univest (Uniresearch Global Pvt Ltd, SEBI Registered Research Analyst INH000013776). Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Data is sourced from open public platforms including NSE and BSE and may be subject to revision. Always verify from official NSE/BSE sources before making any investment decision. Registration granted by SEBI in no way guarantees the performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results.
Frequently Asked Questions
What is the Crude Oil prediction for tomorrow 9 June 2026?
Ans. The Crude Oil prediction for tomorrow is Bullish Short-Term (Geopolitical). MCX Crude Oil closed at Rs 8,750/barrel (+4.42%) on 8 June. Support Rs 8,600, resistance Rs 9,000. Crude Oil surged +4.42% today on West Asia conflict escalation pushing Brent above $97/barrel. This is the single biggest daily gain in crude in several weeks, driven entirely by supply disruption fears.
What is the Crude Oil price target for tomorrow?
Ans. The Crude Oil price target for tomorrow ranges from Rs 8,600 downside to Rs 9,000 upside. A sustained break above Rs 9,000 signals bullish momentum for the Crude Oil prediction for tomorrow.
What factors affect Crude Oil prediction for tomorrow?
Ans. West Asia conflict escalation disrupting Strait of Hormuz supply routes; OPEC+ 188K barrel/day adjustment supports the bullish case. Iran-US ceasefire deal reversing the geopolitical premium; US record production adding supply offset is the primary bearish risk for the Crude Oil prediction for tomorrow.
What is MCX Crude Oil support and resistance for tomorrow?
Ans. Support 1: Rs 8,600/barrel. Support 2: Rs 8,400/barrel. Resistance 1: Rs 9,000/barrel. Resistance 2: Rs 9,200/barrel.
Is Crude Oil bullish or bearish for tomorrow 9 June 2026?
Ans. The Crude Oil prediction for tomorrow is Bullish Short-Term (Geopolitical). Crude Oil surged +4.42% today on West Asia conflict escalation pushing Brent above $97/barrel. This is the single biggest daily gain in crude in several weeks, driven entirely by supply disruption fears. Watch Rs 9,000 as key resistance and Rs 8,600 as key support.
How does the Dollar Index affect Crude Oil prediction for tomorrow?
Ans. The Dollar Index surged post hot US NFP (139K vs 85K expected) on 8 June. A stronger Dollar typically pressures commodity prices including Crude Oil. Dollar stabilisation overnight is the key condition for the Crude Oil prediction for tomorrow to improve.
What is the global outlook for Crude Oil for tomorrow 9 June?
Ans. Globally, Crude Oil surged +4.42% today on West Asia conflict escalation pushing Brent above $97/barrel. This is the single biggest daily gain in crude in several weeks, driven entirely by supply disruption fears. The hot US NFP and West Asia conflict are the dominant macro factors shaping the Crude Oil prediction for tomorrow 9 June 2026.
Should I trade Crude Oil tomorrow 9 June 2026?
Ans. This article is for educational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before any Crude Oil trading decision for tomorrow.
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