{"id":438437,"date":"2026-09-21T17:13:36","date_gmt":"2026-09-21T10:13:36","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-falls-on-de-escalation-hopes-as-focus-shifts-to-the-us-general-assembly-whats-next-438437\/"},"modified":"2026-09-21T17:13:36","modified_gmt":"2026-09-21T10:13:36","slug":"crude-oil-falls-on-de-escalation-hopes-as-focus-shifts-to-the-us-general-assembly-whats-next","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-falls-on-de-escalation-hopes-as-focus-shifts-to-the-us-general-assembly-whats-next-438437\/","title":{"rendered":"Crude oil falls on de-escalation hopes as focus shifts to the US General Assembly. What’s next?"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Oil has been slowly edging lower amid expectations of
\n a potential de-escalation. The initial leg lower was triggered by Saudi Arabia
\n saying that it was seeking to restore about half the capacity of its East-West
\n pipeline within days and to bring it back to full capacity in about six weeks.
\n US Energy Secretary Wright later confirmed that flows through the pipeline
\n could resume within days.<\/p>\n

The upside in oil also remained capped by a few
\n de-escalatory headlines, such as China privately asking Iran to use its
\n influence over the Houthis to help contain the group\u2019s military campaign
\n against Saudi Arabia, as well as hopes for a broader de-escalation after the UN
\n General Assembly, where Trump is expected to meet with Gulf leaders to discuss
\n the next steps in the war with Iran and will also likely meet Iranian
\n officials.<\/p>\n

Iranian President Pezeshkian is expected to attend the
\n Assembly after the US agreed to allow an Iranian delegation into the United
\n States for the gathering. Trump has signalled his openness to meeting with the
\n Iranian President.<\/p>\n

A de-escalation would send oil prices lower on easing
\n supply concerns, while further escalation would likely trigger another surge
\n that could quickly take WTI oil above the $100 level and even send it to its
\n highest levels since March.<\/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>(CFD contract) is bouncing from
\n the support zone around the 93.00 level. Keep in mind that the gap lower on WTI was due to the futures rollover<\/a> and not because of a fundamental catalyst. The
\n buyers will likely continue to step in around the support with a defined risk
\n below it to position for a rally back into the 105.00 resistance. The sellers,
\n on the other hand, will want to see the price breaking lower to increase the
\n bearish bets into the lower bound of the channel around the 85.00 level. <\/p>\n

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

On the 4 hour chart, we
\n have a downward trendline defining the bearish momentum. If we get a pullback,
\n we can expect the sellers to lean on the trendline with a defined risk above it
\n to keep pushing into new lows. The buyers, on the other hand, will want to see
\n the price breaking higher to increase the bullish bets into the 105.00 resistance.<\/p>\n

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

On the 1 hour chart, there\u2019s
\n not much we can add here as the 93.00 support and the downward trendline remain
\n the two key technical levels to watch. The sellers will look for a break below
\n the support or a rejection around the trendline to position for new lows, while
\n the buyers will look for a bounce on the support or a break above the trendline
\n to keep pushing into new highs. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Tomorrow<\/a>, we have Trump meeting
\n with Gulf leaders and potentially with Iran\u2019s President at the UN General
\n Assembly. On Wednesday, we get the Flash US PMIs. On Thursday, we have the
\n Trump-Xi meeting.<\/p>\n

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

FUNDAMENTAL OVERVIEW \u00a0 Oil has been slowly edging lower amid expectations of a potential de-escalation. The initial leg lower was triggered by Saudi Arabia saying that it was seeking to restore about…<\/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-438437","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438437","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=438437"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/438437\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=438437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=438437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=438437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}