Crude Oil Prediction for Tomorrow 10 June 2026: MCX Price Forecast and Key Levels
- June 9, 2026
- Posted by: Neeraj Pandey
- Category: News
Crude Oil MCX Rs 8,635/barrel (-1.32%) on 9 Jun. Support Rs 8,500, resistance Rs 8,800. Cautiously Bearish. US CPI 10 Jun 8:30 AM ET.
The Crude Oil prediction for tomorrow 10 June 2026 is Cautiously Bearish as MCX Crude Oil closed at Rs 8,635/barrel (-1.32%) on 9 June 2026. Crude Oil fell -1.32% today as diplomatic signals around Iran and the Strait of Hormuz softened the geopolitical risk premium; rupee recovery from RBI policy also reduced domestic crude import cost component. The Crude Oil prediction for tomorrow is shaped by the US CPI for May 2026 released at 8:30 AM ET on 10 June — April CPI was 3.8% and the May reading will determine Dollar direction and commodity market sentiment for the Crude Oil price prediction for tomorrow. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, provide the key technical levels for the Crude Oil prediction for tomorrow.
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Market Context: 9 June 2026 Session
- Nifty 50: 23,242.10 (+0.51%). Strong recovery from Monday sell-off.
- Bank Nifty: 55,194.50 (++2.09%). Largest single-session gain in weeks; SBI crossed Rs 1,000.
- India VIX: 15.58 (prev 17.03, -8.5%). Fear peak passed; constructive for tomorrow.
- US CPI (10 June at 8:30 AM ET): May CPI is the primary global event for tomorrow. April CPI was 3.8%.
- FII/DII (8 June): FII Rs -5,553.86 Cr; DII Rs +5,028.13 Cr. Today’s rally was DII-driven.
Crude Oil Price Levels for Tomorrow 10 June 2026
| Parameter | Value |
|---|---|
| MCX Close (9 June) | Rs 8,635/barrel |
| Previous Close (8 June) | Rs 8,750/barrel |
| Change | -1.32% |
| Support 1 | Rs 8,500/barrel |
| Support 2 | Rs 8,350/barrel |
| Resistance 1 | Rs 8,800/barrel |
| Resistance 2 | Rs 8,950/barrel |
| Trend | Cautiously Bearish |
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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 8,500 support. Crude Oil fell -1.32% today as diplomatic signals around Iran and the Strait of Hormuz softened the geopolitical risk premium; rupee recovery from RBI policy also reduced domestic crude import cost component. A break above Rs 8,800 with volume would be the bullish trigger for the Crude Oil prediction for tomorrow 10 June.
Kunal Singla notes that the US CPI at 8:30 AM ET on 10 June is the primary variable for the Crude Oil prediction for tomorrow. A cool May CPI below 3.8% would support a Dollar pullback and provide tailwind for commodity markets including Crude Oil.
Bull and Bear Case for Crude Oil Prediction for Tomorrow
Bullish: Continued diplomatic progress on Iran-US negotiations reducing geopolitical premium. Target Rs 8,800 then Rs 8,950.
Bearish: Fresh Iran military escalation or Strait of Hormuz closure risk reigniting supply fear premium. Risk toward Rs 8,500 then Rs 8,350.
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Conclusion
The Crude Oil prediction for tomorrow 10 June 2026 is Cautiously Bearish with Rs 8,500 as key support and Rs 8,800 as resistance. The US CPI at 8:30 AM ET is the key global event. Data is sourced from open public platforms including MCX, NSE and BSE — verify from official exchange sources before any investment 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, BSE and MCX and may be subject to revision. Always verify from official exchange 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 10 June 2026?
Ans. The Crude Oil prediction for tomorrow is Cautiously Bearish. MCX Crude Oil closed at Rs 8,635/barrel (-1.32%) on 9 June. Support Rs 8,500, resistance Rs 8,800. Crude Oil fell -1.32% today as diplomatic signals around Iran and the Strait of Hormuz softened the geopolitical risk premium; rupee recovery from RBI policy also reduced domestic crude import cost component.
What is the Crude Oil price target for tomorrow?
Ans. The Crude Oil price target for tomorrow ranges from Rs 8,500 downside to Rs 8,800 upside. A sustained break above Rs 8,800 signals bullish momentum for Crude Oil prediction for tomorrow.
What factors affect Crude Oil prediction for tomorrow?
Ans. Continued diplomatic progress on Iran-US negotiations reducing geopolitical premium supports the bullish case. Fresh Iran military escalation or Strait of Hormuz closure risk reigniting supply fear premium is the primary bearish risk for the Crude Oil prediction for tomorrow 10 June 2026.
What is MCX Crude Oil support and resistance for tomorrow?
Ans. Support 1: Rs 8,500/barrel. Support 2: Rs 8,350/barrel. Resistance 1: Rs 8,800/barrel. Resistance 2: Rs 8,950/barrel.
How does US CPI affect Crude Oil prediction for tomorrow?
Ans. The US CPI for May 2026 (released 10 June at 8:30 AM ET) is the key global driver for the Crude Oil prediction for tomorrow. April CPI was 3.8%. A cool CPI weakens the Dollar and generally supports commodity prices. A hot CPI strengthens the Dollar and pressures most commodities.
Is Crude Oil bullish or bearish for tomorrow 10 June 2026?
Ans. The Crude Oil prediction for tomorrow is Cautiously Bearish. Crude Oil fell -1.32% today as diplomatic signals around Iran and the Strait of Hormuz softened the geopolitical risk premium; rupee recovery from RBI policy also reduced domestic crude import cost component. Watch Rs 8,800 as key resistance and Rs 8,500 as key support.
What is the global outlook for Crude Oil for tomorrow 10 June?
Ans. Globally, Crude Oil fell -1.32% today as diplomatic signals around Iran and the Strait of Hormuz softened the geopolitical risk premium; rupee recovery from RBI policy also reduced domestic crude import cost component. The US CPI release and Dollar Index direction are the primary macro factors for the Crude Oil prediction for tomorrow. West Asia geopolitical developments also remain relevant.
Should I trade Crude Oil tomorrow 10 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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