USCrude Prices Predicted to Rise Amid Geopolitical Tensions
Oil prices are expected to continue rising in the coming days due to geopolitical tensions and supply shocks. According to Alan Tsagaraev, an independent trader and analyst, the USCrude price is likely to increase as it has formed a hammer candlestick pattern near the key support of $80.53.
The 4-hour chart shows that the MACD is gradually declining in positive territory, indicating fading bullish momentum, while the RSI is holding near 64 in neutral territory. The MFI is rising, showing capital inflows, and the VWAP and SMA20 remain below the market price, indicating a bull advantage.
For August 13, 2026, USCrude is projected to continue rising, with a daily low of $76.02 and a weekly high of $102.18 expected. The asset is expected to trade within a broad range of $67.93, $106.74 in the coming month.
The forecast for next week includes several key events: IEA and OPEC monthly reports, US July CPI data, and other major economic indicators. Any escalation in the Middle East conflict could further spur market volatility.