Crude Oil Price Prediction for Tomorrow | MCX Levels 29 June 2026

The crude oil price prediction for tomorrow for 29 June 2026 is based on MCX Crude Oil 20 Jul Futures last closing at Rs 6,790 per barrel (+2.44) on 25 June 2026. Indian markets were closed on 26 June 2026 (Friday) due to Muharram, making 29 June 2026 (Monday) the next trading session. The Nifty 50 last closed at 24,056.00 with India VIX at 13.05. MCX Crude settled at Rs 6,790/barrel on 25 June 2026, recovering from intraday lows on Iran-US deal uncertainty and supply concerns. A key context for the crude oil price prediction for tomorrow: Monday 29 June 2026 has no equity F&O expiry, but Tuesday 30 June 2026 is a triple expiry day for Nifty 50 weekly, Nifty 50 monthly, and Bank Nifty monthly – which creates pre-positioning flows on Monday that can affect rupee and risk sentiment, influencing MCX commodity prices indirectly.

Ankit Jaiswal, Senior Research Analyst at Univest, presents the crude oil price prediction for tomorrow for Monday based on 25 June 2026’s data. The crude oil price prediction for tomorrow carries elevated weekend gap risk from the three-day gap (Thursday close to Monday open, Friday being Muharram).

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Crude Oil Prediction for Tomorrow: Last MCX Close

• MCX Close (25 June 2026): MCX Crude Oil 20 Jul Futures settled at Rs 6,790 per barrel (+2.44). Crude bounced to close at Rs 6,790 after finding support at intraday lows as Iran-US deal uncertainty created a supply-concern floor. Since MCX was also closed on 26 June 2026 (Muharram), this is the last available data for the crude oil price prediction for tomorrow heading into Monday.
• International Benchmark: Brent Crude at ~$70.50/bbl (+2.0%) is the primary overnight reference for the crude oil price prediction for tomorrow. Check Brent Crude between Saturday and Monday morning to assess the crude oil price prediction for tomorrow opening direction on 29 June 2026.
• Three-Day Gap Risk: The crude oil price prediction for tomorrow carries an extended three-day gap from 25 June 2026’s close. Weekend Iran-US talk outcome, US Friday close, and global commodity market movements over Saturday and Sunday will all feed into the crude oil price prediction for tomorrow Monday opening gap.

Crude Oil Prediction for Tomorrow: MCX Key Levels

Trend: Cautiously Bullish | Range: Rs 6,680 to Rs 6,900 per barrel

Level	Crude Oil (MCX Crude Oil 20 Jul Futures)
Support 1	6,680
Support 2	6,540
Resistance 1	6,900
Resistance 2	7,050

The crude oil price prediction for tomorrow from Ankit Jaiswal places Rs 6,680 as the MCX support for Monday. A hold above this level targets Rs 6,900 as the first upside objective. Jaiswal notes that the crude oil price prediction for tomorrow carries higher-than-normal opening gap risk given the three-day gap. Use limit orders rather than market orders when placing the crude oil price prediction for tomorrow positions at Monday’s open.

Crude Oil F&O and Monday Context

• MCX Contract Expiry: The active MCX Crude Oil contract (Crude Oil 20 Jul Futures) expires on 20 July 2026. Pre-expiry MCX OI positioning adds intraday direction to the crude oil price prediction for tomorrow on Monday.
• No Equity Expiry Monday: Monday 29 June 2026 has no NSE or BSE equity index expiry. The Sensex weekly and monthly both expired on Thursday 25 June 2026. The crude oil price prediction for tomorrow session on Monday is therefore driven more purely by global commodity factors than equity expiry-related rupee volatility.
• Tuesday Triple Expiry Indirect Effect: Tuesday 30 June 2026 brings Nifty 50 weekly+monthly and Bank Nifty monthly expiry together. Pre-positioning for this on Monday may create mild rupee and equity sentiment flows that indirectly affect the crude oil price prediction for tomorrow afternoon session on Monday.
• Iran-US Weekend Binary Event: Switzerland negotiations over the extended weekend remain the primary driver for the crude oil price prediction for tomorrow. A confirmed deal or breakdown between Friday and Monday will gap the crude oil price prediction for tomorrow opening significantly.

Global Cues for Crude Oil Prediction for Tomorrow

• Brent Crude: Brent Crude at ~$70.50/bbl (+2.0%) is the key overnight reference. Monitor Brent Crude from Saturday through Monday morning before placing crude oil price prediction for tomorrow positions at the MCX open.
• Iran-US Talks Weekend: The most important swing factor for the crude oil price prediction for tomorrow. A confirmed deal or collapse will sharply alter the crude oil price prediction for tomorrow direction at Monday’s MCX open.
• Dollar Index (DXY): DXY weekend direction affects all rupee-denominated MCX prices in the crude oil price prediction for tomorrow. A softer dollar supports the crude oil price prediction for tomorrow upside; a stronger dollar adds downside risk.

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MCX Strategy: Crude Oil Prediction for Tomorrow

1. Check Brent Crude at 9:00 AM Monday: The most important pre-trade input for the crude oil price prediction for tomorrow is Brent Crude direction before MCX opens. Compare weekend movement to Thursday’s close of Rs 6,790 per barrel.
2. Buy Setup: The crude oil price prediction for tomorrow favours buying near Rs 6,680 with stop Rs 6,540 targeting Rs 6,900.
3. Limit Orders at Open: Given the three-day gap, use limit orders for the crude oil price prediction for tomorrow at Monday’s MCX open rather than market orders to avoid gaps and slippage.
4. Weekend Risk Management: The crude oil price prediction for tomorrow for Monday carries Iran-US weekend binary risk. If holding positions through Friday’s close, widen stop losses to account for the three-day gap effect in the crude oil price prediction for tomorrow.

What Data Indicates for crude oil price prediction for tomorrow

The crude oil price prediction for tomorrow is shaped by two competing forces: the Iran-US Switzerland talk uncertainty (which drove commodities higher on 25 June 2026) and the broader global macro backdrop. Ankit Jaiswal notes that with MCX closed on 26 June 2026 (Muharram), the crude oil price prediction for tomorrow has had a longer-than-normal gap from the last traded price, amplifying the opening reaction to weekend news.

VIX at 13.05 (last seen on 25 June 2026) is the equity market’s signal for the crude oil price prediction for tomorrow backdrop. Multi-week low VIX reduces the probability of extreme MCX intraday swings for the crude oil price prediction for tomorrow unless a major overnight macro shock occurs.

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Risks to Crude Oil Prediction for Tomorrow

• Three-Day Gap Event: Any major development over the extended weekend – Iran-US deal, US data, central bank commentary – will create an opening gap in the crude oil price prediction for tomorrow that may breach pre-set support and resistance levels.
• Iran Deal Confirmation: A confirmed deal over the weekend would crash crude below Rs 6,540 as supply increase expectations surge in the crude oil price prediction for tomorrow.
• Dollar Index Surprise: A sharp DXY move over the weekend would create unexpected pressure on rupee-denominated MCX prices, altering the crude oil price prediction for tomorrow opening direction significantly.

Stocks to Watch Tomorrow, 29 June 2026

Ankit Jaiswal and Kunal Singla of Univest flag three stocks for Monday 29 June 2026. While Monday has no F&O expiry, Tuesday 30 June 2026 is a triple expiry day: Nifty 50 weekly, Nifty 50 monthly, and Bank Nifty monthly all settle together. Monday’s session will see institutional pre-positioning for this event.

Stock	Last Close (25 June 2026)	Entry Zone	Target	Stop Loss
ICICI Bank	Rs 1,387.50	Rs 1,382 to Rs 1,392	Rs 1,412 to Rs 1,420	Rs 1,368
HDFC Bank	Rs 796.30	Rs 793 to Rs 799	Rs 812 to Rs 818	Rs 783
Reliance Industries	Rs 1,318.10	Rs 1,314 to Rs 1,320	Rs 1,338 to Rs 1,345	Rs 1,300

ICICI Bank last closed at Rs 1,387.50 (+1.01%) on 25 June 2026, the standout banking performer. Jaiswal flags entry Rs 1,382 to Rs 1,392 targeting Rs 1,412 with stop Rs 1,368. HDFC Bank at Rs 796.30 is the largest Nifty 50 and Sensex constituent. With Tuesday 30 June 2026 bringing Nifty 50 monthly expiry, Singla flags HDFC Bank pre-expiry positioning as a specific driver. Entry Rs 793 to Rs 799, target Rs 812, stop Rs 783. Reliance Industries at Rs 1,318.10 benefits from any Iran-deal crude resolution. Entry Rs 1,314 to Rs 1,320, target Rs 1,338, stop Rs 1,300.

Conclusion

The crude oil price prediction for tomorrow for 29 June 2026 is cautiously bullish with MCX support at Rs 6,680 and resistance at Rs 6,900 per barrel. The crude oil price prediction for tomorrow is based on 25 June 2026’s final MCX close of Rs 6,790 per barrel as MCX was also closed on 26 June 2026 (Muharram). Monitor Brent Crude and Iran-US news over the weekend. Use limit orders at Monday’s MCX open for the crude oil price prediction for tomorrow given the three-day gap.

FAQs

What is the crude oil price prediction for tomorrow, 29 June 2026?

Ans. The crude oil price prediction for tomorrow shows MCX Crude Oil 20 Jul Futures last closed at Rs 6,790 per barrel (+2.44) on 25 June 2026. Market was closed 26 June 2026 (Muharram). Support Rs 6,680, resistance Rs 6,900. Iran-US weekend outcome and three-day gap are the primary crude oil price prediction for tomorrow swing factors.

Is there any equity expiry that affects crude oil price prediction for tomorrow on 29 June 2026?

Ans. No. Monday 29 June 2026 has no equity index expiry. Sensex weekly and monthly both expired Thursday 25 June 2026. The next major expiry is Tuesday 30 June 2026: Nifty 50 weekly+monthly+Bank Nifty monthly together. This Tuesday pre-positioning on Monday creates mild indirect equity-to-MCX flows for the crude oil price prediction for tomorrow.

What is MCX Crude Oil support for 29 June 2026?

Ans. The crude oil price prediction for tomorrow places MCX support at Rs 6,680 and Rs 6,540 per barrel. Resistance at Rs 6,900 and Rs 7,050. The three-day gap means the crude oil price prediction for tomorrow opening may gap beyond these levels depending on Iran-US weekend outcome.

What stocks to watch alongside crude oil price prediction for tomorrow on Monday?

Ans. ICICI Bank (entry Rs 1,382 to Rs 1,392, target Rs 1,412), HDFC Bank (entry Rs 793 to Rs 799, target Rs 812), and Reliance (entry Rs 1,314 to Rs 1,320, target Rs 1,338) are Monday’s equity picks alongside the crude oil price prediction for tomorrow.

When is MCX Crude Oil expiry?

Ans. MCX Crude Oil active contract (Crude Oil 20 Jul Futures) expires on 20 July 2026. Pre-expiry OI positioning adds intraday direction to the crude oil price prediction for tomorrow on Monday.