{"id":435817,"date":"2026-08-10T17:10:32","date_gmt":"2026-08-10T10:10:32","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-prices-trim-losses-on-delayed-us-iran-deal-lack-of-us-attacks-keeps-hopes-alive-435817\/"},"modified":"2026-08-10T17:10:32","modified_gmt":"2026-08-10T10:10:32","slug":"oil-prices-trim-losses-on-delayed-us-iran-deal-lack-of-us-attacks-keeps-hopes-alive","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-prices-trim-losses-on-delayed-us-iran-deal-lack-of-us-attacks-keeps-hopes-alive-435817\/","title":{"rendered":"Oil prices trim losses on delayed US-Iran deal; lack of US attacks keeps hopes alive"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Crude oil sold off last Tuesday as the expectations
\n for a US-Iran deal grew stronger. In fact, on Tuesday, Qatari mediators said
\n that the language for a possible US-Iran agreement had been drafted and US
\n Treasury Secretary Bessent confirmed that an Iran deal could have come as soon
\n as Wednesday and would have included the reopening of the Strait of Hormuz.<\/p>\n

The losses started to get trimmed though because the
\n anticipated timeline for the deal passed without an announcement and there have
\n been mixed messages regarding the deal and the Hormuz strait. Nevertheless, the
\n lack of US attacks on Iran is a good signal and this will likely keep a lid on
\n oil prices barring another escalation. <\/p>\n

\u00a0<\/p>\n

CRUDE OIL
\n TECHNICAL ANALYSIS \u2013 DAILY TIMEFRAME<\/p>\n<\/p>\n

On the daily chart, we can
\n see that crude oil dropped below the key 78.00 support zone but eventually erased
\n most of the losses. The price is now trading above the support. This is where
\n we can expect the buyers to step in with a defined risk below the support to
\n position for a rally back above the $90 level. The sellers, on the other hand,
\n will want to see the price falling back below the support to pile in for a drop
\n into the 68.00 level next. <\/p>\n

CRUDE OIL TECHNICAL
\n ANALYSIS \u2013 4 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 4 hour chart, we now
\n have a downward trendline defining the bearish momentum. The sellers will likely
\n lean on the trendline with a defined risk above it to keep pushing into new
\n lows. The buyers, on the other hand, will want to see the price breaking higher
\n to increase the bullish bets into new highs.<\/p>\n

CRUDE OIL TECHNICAL
\n ANALYSIS \u2013 1 HOUR TIMEFRAME<\/p>\n<\/p>\n

On the 1 hour chart, we
\n have a minor upward trendline defining the current pullback. The buyers will
\n likely continue to lean on the trendline to keep pushing into new highs, while
\n the sellers will look for a break lower to pile in for a drop into the 68.00
\n support next. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

On Wednesday<\/a>,
\n we have the US CPI report. On Thursday, we get the US PPI data and the latest
\n US Jobless Claims figures. On Friday, we conclude the week with the US Retail
\n Sales and the University of Michigan Consumer Sentiment report. The US-Iran
\n developments will remain in focus.<\/p>\n

This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

FUNDAMENTAL OVERVIEW \u00a0 Crude oil sold off last Tuesday as the expectations for a US-Iran deal grew stronger. In fact, on Tuesday, Qatari mediators said that the language for a possible US-Iran…<\/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-435817","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435817","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=435817"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435817\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}