Crude Oil Price Forecast for June 26, 2025 – Crude Oil Eyes $64 Support Amid Choppy Market Conditions
Crude oil (WTI) prices remain volatile as we head into the June 26, 2025 trading session, with markets grappling with macroeconomic uncertainty and shifting geopolitical dynamics. A key pivot level has formed at $66.05, and unless bulls regain momentum, the downside pressure is expected to persist. The Relative Strength Index (RSI) signals a lack of strong directional momentum, highlighting choppy price action.
In this comprehensive technical forecast, we’ll break down key resistance and support levels, RSI trends, and strategic trade scenarios for both bullish and bearish outlooks.
Technical Snapshot
- Pivot Point: $66.05
- Resistance Levels: $67.10 (R1), $68.90 (R2)
- Support Levels: $64.70 (S1), $64.00 (S2)
- RSI Outlook: Neutral to slightly bearish
Crude oil is trading below the $66.05 pivot, maintaining a bearish bias. The RSI is hovering around the 45–50 range, suggesting a lack of momentum and choppy consolidation.
Our Preference: Short Positions Below $66.05
Our primary strategy is to favor short positions below $66.05, targeting an initial move toward $64.70. A break below that could extend losses to $64.00. The bearish bias remains intact as long as prices fail to break above the pivot.
- Entry Point: Below $66.05
- Take-Profit Targets: $64.70 & $64.00
- Stop-Loss Recommendation: $66.70
Alternative Scenario: Long Positions Above $66.05
If crude oil climbs back above the pivot, the trend may shift toward bullish momentum. In that case, look for a rally toward $67.10, with an extension to $68.90 if momentum sustains.
- Entry Point: Above $66.05
- Take-Profit Targets: $67.10 & $68.90
- Stop-Loss Recommendation: $65.40
RSI & Momentum Analysis
The RSI is flat, reflecting a neutral tone in the market. Traders should wait for either a breakout above $66.05 or a confirmed rejection at that level before entering a position. If RSI dips below 40, expect bearish continuation.
Broader Market Drivers
- Geopolitical Developments: Continued uncertainty in the Middle East and U.S.-Iran tensions keep energy markets reactive.
- Macroeconomic Data: Traders are watching U.S. crude inventory reports and inflation data for signs of demand shifts.
- OPEC+ Actions: Potential commentary from OPEC+ could trigger a breakout in either direction.
Trading Tips for June 26, 2025
- Use a tight stop-loss due to intraday choppiness.
- Watch $66.05 closely; it’s the inflection zone.
- Monitor RSI and price behavior near resistance levels before entering long trades.
Frequently Asked Questions (FAQs)
Q1: What is the crude oil price forecast for June 26, 2025?
A: The forecast suggests a bearish bias below $66.05, with targets at $64.70 and $64.00.
Q2: What is the pivot level for today’s oil market?
A: The pivot level is $66.05.
Q3: What if oil breaks above $66.05?
A: A breakout above $66.05 could lead to upside targets at $67.10 and $68.90.
Q4: Is the RSI supporting the bearish view?
A: Yes, RSI is neutral to bearish and not showing strong upward momentum.
Q5: What are the key levels to watch?
A: Watch for support at $64.70 and $64.00; resistance sits at $67.10 and $68.90.
⚠️ Disclaimer
This forecast is for educational and informational purposes only and does not constitute financial advice. Trading crude oil involves substantial risk, and you should perform your own analysis or consult with a financial advisor before making investment decisions.
