Crude Oil Price Prediction for Tomorrow, Thursday 9 July 2026: MCX Crude Oil 20 July futures at Rs 7,155 With Momentum Intact

The crude oil price prediction for tomorrow, Thursday 9 July 2026, is anchored by today’s MCX session, where the MCX Crude Oil 20 July futures contract surged 6.71 percent, its sharpest single day rally in recent months, after the US revoked a waiver on Iranian oil sales and reports emerged of Iranian attacks on tankers in the Strait of Hormuz. The contract traded at Rs 7,155 per barrel, up 6.71 percent, within a day range of Rs 6,767 to Rs 7,218, and these boundaries frame the crude oil price prediction for tomorrow.

Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, have shared their crude oil price prediction for tomorrow for Thursday 9 July 2026 using today’s closing data and global cues.

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Today’s Session Recap Behind the Crude Oil Price Prediction for Tomorrow

• MCX session: MCX Crude Oil 20 July futures at Rs 7,155 (+6.71 percent), open Rs 6,767, high Rs 7,218, low Rs 6,767 against a previous close of Rs 6,705. Higher crude oil is a macro headwind for India, and the Nifty Commodities index on the NSE closed lower alongside the broader market today.
• In the broader market, the Nifty 50 closed at 23,882.05, down 2.12 percent, the Sensex fell 2.15 percent to 76,503.60, and the Bank Nifty dropped 2.51 percent to 56,742.60 as a spike in crude oil prices on Strait of Hormuz tensions and overnight weakness in US technology stocks triggered a broad based selloff. HDFC Bank fell 2.29 percent and ICICI Bank dropped 2.41 percent, while Reliance Industries declined 2.48 percent even as crude oil itself rallied sharply. India VIX surged 24.81 percent to 14.54, and FIIs bought Rs 1,355.33 crore in Friday’s cash session against DII selling of Rs 1,953.89 crore; more recent figures are awaited.

Key Levels in the Crude Oil Price Prediction for Tomorrow

Trend: Bullish bias above support. Support levels: Rs 7,000 and Rs 6,850. Resistance levels: Rs 7,220 and Rs 7,400.

For the crude oil price prediction for tomorrow, today’s low of Rs 6,767 makes Rs 7,000 the first support, with Rs 6,850 below it. On the upside, Rs 7,220 near today’s high is the immediate barrier; a sustained move past it opens Rs 7,400. MCX contracts trade into the late evening, so international cues after tonight’s US session can reset these levels before tomorrow’s day session.

Key Drivers Shaping the Crude Oil Price Prediction for Tomorrow

• Strait of Hormuz tensions: The United States revoked a waiver permitting Iranian oil sales, and reports of Iranian attacks on commercial tankers pushed the threat level to severe, directly driving today’s spike.
• Global benchmark surge: Brent crude rose above 76 dollars a barrel and WTI crude climbed past 72 dollars overnight, setting the tone for today’s MCX rally.
• Supply risk premium: Markets are pricing in a genuine risk of disrupted oil flows through one of the world’s most critical shipping chokepoints.

MCX Data Snapshot

The table below summarises the MCX data behind the crude oil price prediction for tomorrow:

Contract	Level	Change	Day Range
MCX Crude Oil 20 July futures	Rs 7,155 per barrel	+6.71%	Rs 6,767 – 7,218
MCX Crude Oil 19 August futures	Rs 7,143 per barrel	Next month carry	Term structure reference

The premium or discount between the July and next month contracts reflects carry costs and demand expectations, and is worth tracking alongside the spot trend.

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Trading Strategy for Tuesday

• Trade the range edges: Entries near Rs 7,000 support or on a confirmed break of Rs 7,220 offer defined risk setups.
• Keep stops beyond the day range: Today’s Rs 6,767 to Rs 7,218 band is the reference; positions against a break of it should be exited quickly.
• Mind the evening session: International cues after tonight’s US session can gap prices; avoid oversized overnight positions given today’s elevated volatility.
• Size for volatility: Commodity futures are margin traded; smaller positions with strict stop losses handle event driven swings better.

What Does Sentiment Indicate for the Crude Oil Price Prediction for Tomorrow?

Sentiment in the crude oil price prediction for tomorrow follows the price structure. Ankit Jaiswal notes that today’s session respected clear boundaries, and holding Rs 7,000 keeps the near term structure intact for tomorrow.

Kunal Singla observes that with Wall Street’s next session still ahead, the dollar index and global benchmark moves overnight are the deciding external inputs, and traders should let the first hour of Tuesday’s session confirm direction before committing.

Risks to the Crude Oil Price Prediction for Tomorrow

• US session gap: Tonight’s dollar and yield prints can gap MCX prices beyond stated levels given today’s volatility.
• Global headline risk: Supply side or geopolitical headlines can override technical levels without warning.
• Evening session moves: Late session international volatility may reset Tuesday’s opening context.
• Margin risk: Futures losses can exceed initial margins if stops are not maintained.

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Conclusion: Crude Oil Price Prediction for Tomorrow

The crude oil price prediction for tomorrow, Thursday 9 July 2026, from Univest analysts Ankit Jaiswal and Kunal Singla is defined by the Rs 7,000 to Rs 7,220 band. MCX Crude Oil 20 July futures at Rs 7,155 per barrel holds a positive bias while above support, with Rs 6,850 and Rs 7,400 as the outer markers. Tonight’s US session is the key external trigger. Check back after Tuesday’s session for the next crude oil price prediction update from Univest analysts.

FAQs on the Crude Oil Price Prediction for Tomorrow

What is the crude oil price prediction for tomorrow, Thursday 9 July 2026?

Ans. The crude oil price prediction for tomorrow, Thursday 9 July 2026, is range bound with a positive bias. MCX Crude Oil 20 July futures closed at Rs 7,155 per barrel today, up 6.71 percent, with support at Rs 7,000 and Rs 6,850 and resistance at Rs 7,220 and Rs 7,400.

What are the key MCX levels in the crude oil price prediction for tomorrow?

Ans. For the crude oil price prediction for tomorrow, immediate support is at Rs 7,000, near today’s low of Rs 6,767, followed by Rs 6,850. Resistance sits at Rs 7,220, near today’s high of Rs 7,218, and then Rs 7,400.

What drove today’s move in crude oil prices?

Ans. The MCX Crude Oil 20 July futures contract surged 6.71 percent, its sharpest single day rally in recent months, after the US revoked a waiver on Iranian oil sales and reports emerged of Iranian attacks on tankers in the Strait of Hormuz, ending at Rs 7,155 per barrel, a change of +6.71 percent from the previous close of Rs 6,705.

How do global cues affect the crude oil price prediction for tomorrow?

Ans. Tonight’s US session brings fresh dollar index, yield and global benchmark readings following today’s sharp moves. These are primary external inputs for the crude oil price prediction for tomorrow and can gap MCX prices before tomorrow’s day session.

Which contract months matter for the crude oil price prediction for tomorrow?

Ans. The active contract is the MCX Crude Oil 20 July futures at Rs 7,155, while the MCX Crude Oil 19 August futures at Rs 7,143 shows the carry structure. Traders roll positions to the next month as expiry approaches.

Is the crude oil price prediction for tomorrow investment advice?

Ans. No. The crude oil price prediction for tomorrow is educational content only. All levels are analyst observations, not recommendations. Univest is a SEBI registered research analyst (INH000013776) and readers should consult a SEBI registered advisor before trading commodities.