Crude Oil Price Prediction for Monday, 9 November 2026
- November 6, 2026
- Posted by: Ankit Jaiswal
- Category: Uncategorized
Crude Oil traded at Rs 8,412.00 per barrel on MCX, down 1.73%, on the 19 November 2026 futures. Nifty 50 rose 2.01%. India VIX rose 12.77% to 17.57. Next regular session is Monday, 9 November.
Quick Answer
The crude oil price prediction for monday is mildly cautious for Monday, 9 November 2026. Crude oil traded at Rs 8,412.00 per barrel on the 19 November futures, down 1.73 percent, and sits below the previous settlement of 8,560. The contract opened at 8,665, touched 8,740 and then fell to 8,363, finishing only 49 rupees above that low.
This crude oil price prediction for monday follows a Friday, 6 November 2026 session in which crude oil futures on MCX fell 1.73 percent and closed about 328 rupees below the high of the day, near the bottom of the range.
Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, are tracking crude oil price and global cues through the weekend, with the next regular trading session on Monday, 9 November 2026.
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What Friday Told Us
- Crude Oil traded at Rs 8,412.00 per barrel, down 1.73 percent on the 19 November 2026 futures, with a high of 8,740.00 and a low of 8,363.00.
- Nifty 50 rose 2.01 percent.
- India VIX rose 12.77 percent to 17.57.
Crude Oil Price Prediction for Monday: Key Levels
Crude Oil (19 November 2026 futures) traded between 8,363.00 and 8,740.00 on Friday, against a previous close of 8,560.00, and settled at 8,412.00. On the downside, 8,363.00 is the first reference level to watch if the day’s move is tested. On the upside, 8,560.00 and 8,740.00 mark the nearest resistance. Univest’s analysts treat these as reference points drawn from Friday’s trading range, not as targets.
| Trend | Support | Resistance |
|---|---|---|
| Negative | 8,363.00 | 8,560.00, 8,740.00 |
MCX contracts keep trading into the evening, so the last traded price can differ from the figures above by the time you read this. The levels here use the 19 November 2026 contract.
For traders, this crude oil price prediction for monday is a framework for planning risk, with position size and stop levels left to the individual.
Key Drivers for Monday
- Crude oil fell 1.73 percent on the MCX 19 November contract, with a high of 8,740.00 and a low of 8,363.00.
- The range of about 377 rupees was wide, and the price closed close to the low, so sellers had the final say.
- Volume on the 19 November contract was about 1.86 million, so the move came on heavy trade.
Ankit Jaiswal and Kunal Singla suggest revisiting this crude oil price prediction for monday after the first thirty minutes of Monday’s trade.
Anyone following this crude oil price prediction for monday should keep the next session’s opening range in view before reading too much into early moves.
Nothing in this crude oil price prediction for monday is a promise of returns, and every level quoted can fail.
What to Watch Alongside Crude Oil
Reliance Industries and Oil and Natural Gas Corporation are the most direct large-cap links to crude. Reliance rose 0.50 percent and ONGC rose 0.77 percent on Friday, so both stocks held up even as crude futures fell.
In short, the crude oil price prediction for monday rests on Friday’s verified close and the weekend risks listed below.
How Friday’s Broader Session Unfolded
The Nifty 50 closed at 25,030.35, up 2.01 percent, and finished at the high of the day after opening almost unchanged and climbing about 642 points from a low of 24,388.05. It closed above the 25,000 mark and about 8.6 percent above last Friday’s close of 23,053.10. The Sensex closed at 81,028.02, up 2.17 percent, and the Bank Nifty closed at 59,086.00, up 2.27 percent, also at the day’s high. This was the sixth straight daily gain for both the Nifty 50 and the Sensex. India VIX, the market’s fear gauge, rose 12.77 percent to 17.57 even as the indices climbed, which points to traders pricing in wider swings. The Nifty Midcap 50 rose 0.33 percent and the Nifty 500 rose 1.01 percent, while the Nifty Smallcap 250 fell 0.84 percent, so large caps led the rise. Nifty Private Bank rose 3.22 percent and Nifty Financial Services rose 2.57 percent, while Nifty IT rose only 0.43 percent and Nifty PSU Bank rose 0.60 percent. NSE’s holiday calendar shows regular equity trading is closed on Tuesday, 10 November 2026, for Diwali Balipratipada. The trigger for the broad rise was not independently confirmed.
Those new to the instrument can use this crude oil price prediction for monday to learn which levels and triggers the desk is tracking.
Univest’s analysts suggest treating this crude oil price prediction for monday as a preparation note for Monday, 9 November 2026, rather than a signal that changes over the weekend.
Analyst View for Monday
Kunal Singla suggests that crude oil needs to reclaim 8,560, the previous settlement, to improve the tone, with 8,363 the support to watch.
Ankit Jaiswal flags that a close within 49 rupees of the low after a reversal from 8,740 is a clear sign of selling pressure, so a hold above 8,363 matters.
This crude oil price prediction for monday will be most useful when read alongside the support and resistance table above.
Why This Is Written for Monday
This crude oil price prediction for monday is written after the close on Friday, 6 November 2026, using Friday’s closing data, for the next regular trading session on Monday, 9 November 2026. Regular equity trading is closed on Saturday, 7 November. On Sunday, 8 November, NSE and BSE hold a special Muhurat trading session for Diwali Laxmi Pujan from 2:20 PM to 3:30 PM, so prices can move before Monday opens. Treat this as a briefing to prepare for Monday’s session, not a live call that updates over the weekend.
MCX futures trade late into Friday night and then pause for the weekend, so global moves after Friday’s close can open Monday with a gap. MCX evening trade continues on Tuesday, 10 November, even though NSE equities are closed.
A fair reading of this crude oil price prediction for monday is that Friday’s data sets the context, while Monday’s first hour decides how much of it carries forward.
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Risks to This Prediction
- A further slide in crude would remove support from upstream stocks such as ONGC.
- The close near the low of 8,363 leaves room for a gap lower at Monday’s open.
- Global moves over the weekend can open Monday with a gap and exaggerate short-term moves in the first minutes of trade.
Readers comparing views should note that this crude oil price prediction for monday draws only on Friday’s closing numbers and the factors listed here.
As with any crude oil price prediction for monday, the opening minutes of Monday’s trade will confirm or challenge the levels discussed here.
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The crude oil price prediction for monday also depends on India VIX, so a fresh rise in volatility would weaken the case made here.
Conclusion
The crude oil price prediction for monday leans mildly cautious into 9 November 2026, with global cues and the US Dollar Index as the key variables to track. Ankit Jaiswal and Kunal Singla will revisit this view once Monday’s opening trade confirms direction.
Disclaimer: Investments in securities are subject to market risk. Read all related documents carefully before investing. The information provided here is for educational purposes only and does not constitute investment advice. Univest is a SEBI-registered investment adviser (Registration No. INH000013776). Past performance is not indicative of future returns.
Frequently Asked Questions
What is the crude oil price prediction for monday?
Ans. It is mildly cautious for 9 November 2026, after Crude Oil traded at Rs 8,412.00 per barrel on Friday, down 1.73 percent.
Why is this a prediction for Monday, 9 November 2026?
Ans. Because regular Indian equity trading is closed on Saturday and Sunday, so the next regular session after Friday, 6 November 2026, is Monday, 9 November 2026. A special Muhurat session is scheduled on Sunday, 8 November.
Why did crude oil fall on Friday?
Ans. Crude oil fell 1.73 percent on the MCX 19 November contract after opening at 8,665 and reversing from a high of 8,740. The specific reason was not independently confirmed.
What are the key crude oil levels for Monday?
Ans. Friday’s low of 8,363.00 is the nearest support below the price. The previous settlement of 8,560.00 and Friday’s high of 8,740.00 are the nearest resistance.
Is this a buy or sell call?
Ans. No. This is an educational outlook from Univest’s research team, not a buy or sell call. Traders should check any view against their own risk plan before acting.
