{"id":433812,"date":"2026-07-16T01:52:49","date_gmt":"2026-07-15T18:52:49","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-futures-settled-at-79-60-up-0-26-or-0-33-433812\/"},"modified":"2026-07-16T01:52:49","modified_gmt":"2026-07-15T18:52:49","slug":"crude-oil-futures-settled-at-79-60-up-0-26-or-0-33","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-futures-settled-at-79-60-up-0-26-or-0-33-433812\/","title":{"rendered":"Crude oil futures settled at $79.60 up $0.26 or 0.33%"},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">Crude oil is settling at $79.60, up $0.26 (0.33%) on the day after trading in a relatively wide range. Sellers pushed the price down to $78.19, but that low remained above Monday&#8217;s $77.84 low, suggesting downside momentum is beginning to lose some steam. During the decline, the price briefly slipped below the broken 38.2% retracement at $78.48 (see chart below), but buyers quickly stepped back in to reclaim that level, keeping the technical outlook from turning more bearish.<\/p>\n<p>On the topside, the next key resistance remains Tuesday&#8217;s high at $81.25. A move above that level would shift the focus toward the $82.00 area, where the 50% retracement of the broader decline comes into play (see chart below). A break through that resistance zone would strengthen the bullish case, while failure to do so would keep the recent consolidation intact.<\/p>\n<\/p>\n<p>The rhetoric and the bombing continue in the area. That does not necessarily mean that there is not negotiations continuing. Pres. Trump last comments were:<\/p>\n<ul>\n<li>I don&#8217;t like giving deadlines.<\/li>\n<li>They better behave.\u00a0<\/li>\n<\/ul>\n<p>Trump has\u00a0been saber rattling as well about &#8220;next week&#8221; and taking out key infrastructure. \u00a0 The\u00a0blockade is back on which supplies needed by Iran and its people.\u00a0Honestly we don&#8217;t know that all the information.<\/p>\n<p>Recent headline just released says:<\/p>\n<ul>\n<li>US strikes on iran are strengthening options for potential US escalation<\/li>\n<\/ul>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crude oil is settling at $79.60, up $0.26 (0.33%) on the day after trading in a relatively wide range. Sellers pushed the price down to $78.19, but that low remained above Monday&#8217;s&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433812","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433812"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433812\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}