{"id":437200,"date":"2026-08-31T16:00:25","date_gmt":"2026-08-31T09:00:25","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-prices-jump-as-us-and-iran-exchange-strikes-prolonged-stalemate-keeps-the-downside-limited-437200\/"},"modified":"2026-08-31T16:00:25","modified_gmt":"2026-08-31T09:00:25","slug":"oil-prices-jump-as-us-and-iran-exchange-strikes-prolonged-stalemate-keeps-the-downside-limited","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-prices-jump-as-us-and-iran-exchange-strikes-prolonged-stalemate-keeps-the-downside-limited-437200\/","title":{"rendered":"Oil prices jump as US and Iran exchange strikes; prolonged stalemate keeps the downside limited"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Crude oil gapped higher today after the US struck
\n Iran’s Larak Island on Sunday, the first strikes in over a month, as the IRGC
\n forces were observed preparing to launch rockets with sea mines into the Strait
\n of Hormuz.<\/p>\n

Iran retaliated launching ballistic and anti-ship
\n missiles from multiple provinces and struck two US bases in Jordan, King
\n Hussein and Al Azraq. A US source said most missiles were intercepted with no
\n significant impact.<\/p>\n

The geopolitical risk premium increased a bit lifting
\n oil prices, but it looks like the usual skirmish that the market might forget
\n quickly. <\/p>\n

There\u2019s no appetite for further military operations,
\n as the US is now pursuing an economic warfare to force Iran into a deal. This
\n should limit the downside in oil prices, but overall, the price action might
\n remain mostly rangebound as the diplomatic attempts continue to trigger
\n selloffs. <\/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 is approaching again the 86.90 resistance. That\u2019s where we
\n can expect the sellers to step in with a defined risk above the resistance to
\n position for a drop back into the 78.00 support. The buyers, on the other hand,
\n will look for a break to increase the bullish bets into the 93.50 level next.<\/p>\n

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

On the 4 hour chart, we
\n have a minor upward trendline defining the bullish momentum on this timeframe. If
\n we get a pullback to fill the gap, the buyers will likely lean on the trendline
\n with a defined risk below it to keep pushing into new highs. The sellers, on
\n the other hand, will look for a break to pile in for a drop into the 78.00
\n support next.<\/p>\n

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

On the 1 hour chart, there\u2019s
\n not much we can add here as from a risk management perspective, the buyers will
\n have a better risk to reward setup around the trendline, while the sellers will
\n likely wait for the price to come into the 86.90 resistance or break below the
\n trendline. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Tomorrow<\/a>, we have the
\n US ISM Manufacturing PMI and the US Job Openings data. On Wednesday, we get the
\n US ADP report. On Thursday, we have Fed\u2019s Waller, the US Jobless Claims and the
\n US ISM Services PMI. On Friday, we conclude the week with the US NFP report. Key US-Iran developments will continue to drive the price action.<\/p>\n

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

FUNDAMENTAL OVERVIEW \u00a0 Crude oil gapped higher today after the US struck Iran’s Larak Island on Sunday, the first strikes in over a month, as the IRGC forces were observed preparing to…<\/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-437200","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437200","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=437200"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437200\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}