{"id":438115,"date":"2026-09-15T17:34:33","date_gmt":"2026-09-15T10:34:33","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-remains-supported-as-supply-risks-intensify-and-diplomatic-progress-stalls-438115\/"},"modified":"2026-09-15T17:34:33","modified_gmt":"2026-09-15T10:34:33","slug":"oil-remains-supported-as-supply-risks-intensify-and-diplomatic-progress-stalls","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-remains-supported-as-supply-risks-intensify-and-diplomatic-progress-stalls-438115\/","title":{"rendered":"Oil remains supported as supply risks intensify and diplomatic progress stalls"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Since yesterday, nothing has changed fundamentally for
\n the oil market, but the recent bullish momentum has waned ahead of key technical
\n levels. Nonetheless, oil prices remain supported as the supply outlook
\n deteriorated further following Saudi
\n Arabia’s decision to shut its East-West pipeline<\/a> after drone attacks. <\/p>\n

The pipeline has been an alternative to the Strait of
\n Hormuz, carrying roughly 4-5 million barrels per day to the Red Sea in recent
\n months. Its closure therefore removes one of the few available routes for Saudi
\n crude exports while traffic through Hormuz remains severely disrupted.<\/p>\n

The postponement
\n of planned talks between Iran and Gulf nations<\/a> over a potential temporary
\n shipping arrangement through the Strait of Hormuz hasn\u2019t helped the sentiment
\n either. With those discussions delayed, hopes for a near-term easing of the
\n disruption have faded.<\/p>\n

For now, I expect oil prices to remain supported and
\n potentially push toward new highs unless there is meaningful progress in US-Iran
\n relations or a credible path toward reopening the Strait of Hormuz. <\/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<\/a> is
\n consolidating just below the key resistance zone around the 105.00 level. This
\n is where we can expect the sellers to step in with a defined risk above the
\n resistance to position for a drop into the lower bound of the channel around
\n the 85.00 level. The buyers, on the other hand, will want to see the price
\n breaking higher to increase the bullish bets into the 111.00 handle next. <\/p>\n

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

On the 4 hour chart, we
\n have an upward trendline defining the bullish momentum into the resistance. If
\n we get a pullback, we can expect the buyers to lean on the trendline with a
\n defined risk below it to keep pushing into new highs. The sellers, on the other
\n hand, will look for a break lower to increase the bearish bets into the lower
\n bound of the channel.<\/p>\n

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

On the 1 hour chart, we
\n have another minor upward trendline defining the bullish momentum on this
\n timeframe. Yesterday, we got a pullback into it that closed the weekend gap.
\n The buyers leant on the trendline with a defined risk below it targeting new
\n highs. The sellers will want to see the price breaking below the trendline to
\n pile in for a pullback into the 4-hour trendline next. The red lines define the
\n average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Tomorrow<\/a>, we have the
\n FOMC rate decision. On Thursday, we get the US Jobless Claims figures. Traders
\n will continue to keep a close eye on developments in the Middle East.<\/p>\n

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

FUNDAMENTAL OVERVIEW \u00a0 Since yesterday, nothing has changed fundamentally for the oil market, but the recent bullish momentum has waned ahead of key technical levels. Nonetheless, oil prices remain supported as the…<\/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-438115","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438115","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=438115"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438115\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}