Crude Oil Price Prediction for Tomorrow: Friday’s Rs 7,741 Close, a Fifth Straight Rise, Into Monday, 20 July 2026
- July 19, 2026
- Posted by: Kunal Singla
- Category: News
Crude oil price prediction for tomorrow: MCX Crude Oil settled Friday at Rs 7,741, up 1.67 percent, a fifth consecutive rise. Support Rs 7,600. Resistance Rs 7,800.
Crude oil price prediction for tomorrow: Crude oil closed out the trading week still climbing, with MCX Crude Oil July futures settling at Rs 7,741 on Friday, up 1.67 percent, marking a fifth consecutive session of gains that carries real weight into this crude oil price prediction for tomorrow. This crude oil price prediction for tomorrow is built on Friday, 10 July 2026’s closing data, the last completed session before markets reopen on Monday, 13 July 2026.
Ankit Jaiswal, Senior Research Analyst at Univest, notes that what makes Friday’s gain particularly telling is that it came on a day when Indian equities themselves rallied sharply, confirming crude is now trading almost entirely on its own direct exposure to the Strait of Hormuz situation, independent of broader market sentiment.
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Market Recap Behind the Crude oil price prediction for tomorrow
Friday’s session saw crude open at Rs 7,665, touch a high of Rs 7,775 and close at Rs 7,741, extending the week’s gains for a fifth straight day. Since markets are shut over the weekend, this crude oil price prediction for tomorrow is genuinely just Friday’s momentum carried forward, pending whatever news breaks before Monday’s open.
Crude oil price prediction for tomorrow: Trend and Key Levels
Trend: Bullish Above Rs 7,600 Into the New Week
| Level Type | Value |
|---|---|
| Support 1 | Rs 7,600 |
| Support 2 | Rs 7,480 |
| Resistance 1 | Rs 7,800 |
| Resistance 2 | Rs 7,900 |
Ankit Jaiswal’s crude oil price prediction for tomorrow keeps Rs 7,600 as the floor worth watching Monday, with Rs 7,800 the level that would confirm the five-session rally is genuinely extending rather than pausing.
Five Sessions of Gains: What Happens If the Weekend Stays Quiet
Ankit Jaiswal flags an interesting scenario worth considering for this crude oil price prediction for tomorrow: if the weekend passes without fresh naval incidents, crude’s five-session rally could finally start showing signs of exhaustion when trading resumes, simply because the market has now had time to fully price in the current level of risk without new information forcing a further repricing.
Key Triggers in the Crude oil price prediction for tomorrow
These triggers dominate the outlook heading into Monday, 13 July 2026:
- Any weekend naval incident: Remains the single biggest swing factor, capable of extending the rally into a sixth session.
- A quiet weekend, by contrast: Could actually be the catalyst for some profit booking once trading resumes, after five straight up days.
- Diplomatic developments: Any sign of mediation over the weekend would be the clearest de-escalation signal to watch for.
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Related Reads Before Monday’s Open
How crude’s own rally compares to the rest of the energy and equity picture.
Natural Gas: Rose just 0.80 percent Friday, a far more modest move that confirms crude’s rally is genuinely its own story.
Reliance Industries: Reliance Industries finally jumped over 2 percent Friday ahead of its own Q1 results, a rare session where the stock actually tracked crude’s strength.
Risks to the Crude oil price prediction for tomorrow
These factors can invalidate this outlook:
- Sudden de-escalation: Would quickly unwind a meaningful part of the five-session rally.
- Demand destruction concerns: Sustained elevated prices could eventually start denting global oil demand estimates.
- Overextension: After five straight up sessions, some profit booking would not be surprising even without a fresh catalyst.
Download the Univest iOS App or Univest Android App to track live MCX crude oil prices and get daily commodity research from SEBI registered analysts.
Conclusion
This crude oil price prediction for tomorrow stays bullish above Rs 7,600, reflecting a commodity that has now risen for five consecutive sessions, genuinely independent of broader equity market sentiment. Ankit Jaiswal’s Rs 7,600 support is the level to know Monday morning, though after five straight days of gains, a quiet weekend could itself become the catalyst for the rally finally pausing.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on the Crude oil price prediction for tomorrow
Reading this over the weekend, what’s the crude oil price prediction for tomorrow?
Ans. Based on Friday’s close, the crude oil price prediction for tomorrow, Monday 20 July 2026, is bullish above Rs 7,600. MCX Crude Oil settled at Rs 7,741, up 1.67 percent, a fifth consecutive session of gains.
Who prepared this crude oil price prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst at Univest, prepared this crude oil price prediction for tomorrow, flagging Rs 7,600 as the key support level for Monday.
Why did crude keep rising even though Indian stocks rallied sharply Friday?
Ans. This independence is the central point of the crude oil price prediction for tomorrow: crude extended its rally to a fifth session Friday even as Sensex jumped over 1 percent, confirming the commodity is now trading almost entirely on its own direct exposure to the Strait of Hormuz situation.
Could crude’s rally finally pause when trading resumes Monday?
Ans. It’s a real possibility the crude oil price prediction for tomorrow flags: after five straight sessions of gains, a genuinely quiet weekend without fresh naval incidents could itself become the trigger for some profit booking, simply because the market will have had time to fully digest the current risk level.
