Next Week, Oil Prices Could Range from 79–108 US Dollars
JAKARTA — Currency and commodity analyst Ibrahim Assuaibi projects that the price of WTI crude oil will move within a wide range next week. The movement is estimated to be between 79 and 108 US dollars per barrel. This projection reflects increasing uncertainty in the global market. Pressure comes from geopolitical dynamics as well as the fluctuating direction of US economic policies.
“Oil is likely to be traded with support around 78.7 US dollars per barrel and resistance around 107.9 US dollars, so the range is 79 to 108 US dollars,” said Ibrahim to the media, quoted on Sunday (12/4/2026).
The widening oil movement aligns with the strengthening of the US dollar index, which is estimated to be in the range of 97 to 101. This condition also puts pressure on the currencies of developing countries, including the rupiah.
Ibrahim noted that the rupiah exchange rate still has the potential to weaken in the short term. External pressure is considered dominant and keeps the rupiah at high levels. “The rupiah’s weakening could be quite wide and is likely to remain above the 17,000 per US dollar level,” he said.
On the other hand, the global gold price was recorded at 4,749 US dollars per troy ounce on Saturday morning. The price of the precious metal domestically is in the range of Rp2,860,000 per gram and has the potential to move following the global market direction.
Ibrahim projects that gold prices still have room for correction to 4,638 US dollars per troy ounce, and could even drop deeper to 4,358 US dollars. In a strengthening scenario, gold prices have the chance to break through 5,138 US dollars per troy ounce, with domestic prices approaching Rp3,100,000 per gram. “Next week, gold prices have the potential to break above 5,000 US dollars per troy ounce,” he said.
According to Ibrahim, the direction of oil and gold prices is heavily influenced by geopolitical developments in the Middle East region. Plans for negotiations between the United States and Iran mediated by Pakistan open up opportunities for easing tensions.