Crude Oil Commodity Forecast

Hold candidate since Jul 29, 2026 Gain 2.77%

The Crude Oil commodity price gained 3.84% on the last trading day (Friday, 31st Jul 2026), rising from $83.59 to $86.80. During the last trading day the commodity fluctuated 7.08% from a day low at $81.06 to a day high of $86.80. The price has risen in 5 of the last 10 days and is up by 5.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 235 thousand shares were bought and sold for approximately $20.43 million.

The commodity lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $89.70 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the commodity is expected to fall -23.41% during the next 3 months and, with a 90% probability hold a price between $46.50 and $68.70 at the end of this 3-month period. Do note, that if the commodity price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

CLUSD Signals & Forecast

The Crude Oil commodity holds buy signals from both short and long-term Moving Averages giving a positive forecast for the commodity. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $85.38 and $76.60. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, July 23, 2026, and so far it has fallen -5.85%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Crude Oil commodity

On the downside, the commodity finds support just below today's level from accumulated volume at $73.52 and $72.08. There is a natural risk involved when a commodity is testing a support level, since if this is broken, the commodity then may fall to the next support level. In this case, Crude Oil finds support just below today's level at $73.52. If this is broken, then the next support from accumulated volume will be at $72.08 and $68.69.

This commodity may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this commodity is considered to be "high risk". During the last day, the commodity moved $5.74 between high and low, or 7.08%. For the last week, the commodity has had daily average volatility of 3.32%.

Our recommended stop-loss: $82.29 (-5.20%) (This commodity has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (CLUSD) For The Upcoming Trading Day Of Sunday 2nd

For the upcoming trading day on Sunday, 2nd we expect Crude Oil to open at $84.89, and during the day (based on 14 day Average True Range), to move between $85.09 and $88.51, which gives a possible trading interval of +/-$3.42 (+/-4.02%) up or down from last closing price. If Crude Oil takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $92.19 (6.21%) than the support at $73.52 (15.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Crude Oil commodity A Buy?

Crude Oil holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.425 Hold/Accumulate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on August 2, 2026 - $84.89 ( 2.20%).

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