{"id":439194,"date":"2026-10-01T16:56:56","date_gmt":"2026-10-01T09:56:56","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-shoots-higher-as-the-market-starts-to-lose-patience-with-the-prolonged-us-iran-stalemate-439194\/"},"modified":"2026-10-01T16:56:56","modified_gmt":"2026-10-01T09:56:56","slug":"oil-shoots-higher-as-the-market-starts-to-lose-patience-with-the-prolonged-us-iran-stalemate","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-shoots-higher-as-the-market-starts-to-lose-patience-with-the-prolonged-us-iran-stalemate-439194\/","title":{"rendered":"Oil shoots higher as the market starts to lose patience with the prolonged US-Iran stalemate"},"content":{"rendered":"
\n

FUNDAMENTAL
\n OVERVIEW<\/p>\n

\u00a0<\/p>\n

Crude oil weakened
\n into the US session close yesterday and extended the losses during the Asian
\n session. There were no bearish catalysts, so it might just have been a
\n technical move. In fact, this morning prices shot higher and erased all the
\n losses. <\/p>\n

The market might
\n be losing patience since we haven\u2019t got any new development on the US-Iran side.
\n Iran’s government spokesperson yesterday said that the Foreign Minister
\n Araghchi presented to the cabinet “a US proposal”, although no further
\n details were given. <\/p>\n

Trump told
\n reporters that he must decide whether to \u201cblow them up or make a deal\u201d with
\n Iran, adding that the conflict would end \u201cvery soon, one way or the other\u201d. He\u2019s
\n been using these same words for several months already, so it\u2019s not something
\n new. <\/p>\n

Looking ahead, it goes without saying that a breakthrough in US-Iran negotiations would
\n send oil prices quickly lower, while a prolonged stalemate or even a
\n re-escalation will keep the market supported into new highs.\u00a0 <\/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) might be
\n forming a range near the lower bound of the channel. If the price pulls back into
\n the lower bound of the channel, we can expect the buyers to step in, with a
\n defined risk below it, to position for a rally into the 110.00 resistance. The
\n sellers, on the other hand, will look for a break lower to pile in for a drop
\n into the 68.00 support next, with the 80.00 handle as the first target.<\/p>\n

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

On the 4 hour chart, we can
\n see the price broke above the minor downward trendline and extended the gains
\n as the buyers piled in with more conviction, targeting the 96.77 level. If the
\n price gets there, we can expect the sellers to step in, with a defined risk
\n above the level, to position for a drop into the lower bound of the channel.
\n The buyers, on the other hand, will want to see the price breaking higher to
\n increase the bullish bets into the 110.00 resistance next. <\/p>\n

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

On the 1 hour chart, we can
\n see the price broke above the minor resistance zone around the 91.40 level. If
\n we get a pullback, we can expect the buyers to step in around the
\n resistance-turned-support to keep pushing into new highs. The sellers, on the
\n other hand, will want to see the price falling back below the support to extend
\n the drop into the lower bound of the channel. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>we
\n get the US ISM Manufacturing PMI and the latest US Jobless Claims figures. Tomorrow,
\n we conclude the week with the US NFP report. The focus, though, will remain on
\n US-Iran developments.<\/p>\n

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

FUNDAMENTAL OVERVIEW \u00a0 Crude oil weakened into the US session close yesterday and extended the losses during the Asian session. There were no bearish catalysts, so it might just have been a…<\/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-439194","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439194","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=439194"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439194\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}