Kshitij Crude Oil Forecast - Kshitij.com
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Crude Oil Forecast
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Overview
The Kshitij Crude Oil Forecast takes a deep look at Technical and Fundamental Factors driving Global Crude Oil prices, and provides a macro view for the next 2 to 4 quarters.

Following are few of the charts we analyze in these Reports:
  • Technical Price Charts of Brent, WTI, Crude/Gold, Brent-WTI spread
  • Backwardation / Contango in Crude futures
  • Changes of Positioning in Crude Derivatives (CFTC)
  • Global Crude Demand-Supply Balance (as per OPEC, EIA & IEA)
  • Change in US Crude Inventories & Global Production Levels
We have also introduced a “Data View” section for our readers to stay updated on vital data points from the world of Crude Oil.
Crude Report

January ' 25 Crude Report

With the US economic data strong and stable, the earlier expected US slowdown has not played out, resulting in the crude price trading higher while above $70 (Brent). While there is uncertainty in the long-term direction for crude, as long as it stays within the range of $67-80 (Brent), we have kept our earlier forecasts intact this month. Supply from the OPEC countries is also likely to remain tight for the next couple of months. Additionally, a rising Dollar could keep the crude at the higher end of its sideways range for now.

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Crude Report

December ' 24 Crude Report

With recent US economic data coming out strong, there has been reduced chances for an immediate economic slowdown in the US. Will this reduce chances of a decline in the crude prices and continue to keep it ranged? Or can there still be a significant movement in crude in the coming months?

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Crude Report

November ' 24 Crude Report

In our Oct-24 report (3-Oct-24, Brent $74.98), we had expected Brent to trade within $80-60 in the coming months. We had laid out a possibility of downside extension to $55-50 in case of a US recession in the Jan-Mar’25 quarter. Else a shallow recession or slowdown could limit the downside to $60. Brent remained above the Sep-24 low of $68.68 through Oct-24 trading within the broad $81.16-69.91 region, in line with our broader mentioned range of $80-60.

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For subscribers elsewhere
Crude Report

October ' 24 Crude Report

Brent fell sharply to test $68.68 in Sep-24 and rose sharply to $76.14 on 2nd October 2024 on an escalation of tensions in the Middle East. Where will the price move next? Will it sustain above $70 and move higher or will it fall back below $70 towards $65/60?

@ Rs. 18,199/- * | @ $250
For subscribers in India
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For subscribers elsewhere
Crude Report

September ' 24 Crude Report

Brent has held above $74 and risen slightly. It may continue to move within the sideways range for some more time. Thereafter, will it break higher? Or fall lower below $74? Also will US actually see a recession? Or will data improve over the next few months and reduce recession chances?

@ Rs. 18,199/- * | @ $250
For subscribers in India
* (Inclusive of GST @ 18%)
For subscribers elsewhere
Crude Report

August ' 24 Crude Report

Geopolitical tensions in the middle east is a cause of concern and if escalates, could keep Crude prices above $70. Recent data releases on NFP and Unemployment data have been disappointing and has increased fears of a US recession. Will a US recession happen? Or can economic data releases recover over the coming months?



January '25 Dollar Rupee Quarterly Forecast
WHAT'S NEW?
Jan '25 Quarterly Forecast
Our January '25 Dollar Rupee Quarterly Forecast is now available. To order a PAID copy, please click here and take a trial of our service.
January'25 EURUSD Report
WHAT'S NEW?
Jan'25 EURUSD Report
In our Dec-24 edition (12-Dec-24, EURUSD @ 1.0505), we expected the Euro to limit its downside to 1.0333 and bounce back towards 1.0650-1.08 by Feb-25 followed by an eventual rise to 1.09-1.11 by mid of 2025. But contrary to our expectations, Euro broke below 1.0333 and sustained lower towards 1.01. ...Read More
January'25 Crude Oil Report
WHAT'S NEW?
Jan'25 Crude Oil Report
With the US economic data strong and stable, the earlier expected US slowdown has not played out, resulting in the crude price trading higher while above $70 (Brent). While there is uncertainty in the long-term direction for crude, as long as it stays within the range of $67-80 (Brent), we have kept our earlier forecasts intact this month. Supply from the OPEC countries is also likely to remain tight for the next couple of months. Additionally, a rising Dollar could keep the crude at the higher end of its sideways range for now. ... Read More
January '25 US Treasury Report
WHAT'S NEW?
Jan '25 US Treasury Report
Yields have risen across the Curve in line with the anticipations in our Dec-24 report (30-Nov-24, UST10Y 4.18%).Both the US5Yr and US10Yr have risen well as expected. Even the US2Yr has risen, but the rise is a little .... Read More
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