{"id":439850,"date":"2026-10-12T17:06:40","date_gmt":"2026-10-12T10:06:40","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-climbs-again-as-russia-ukraine-ceasefire-faces-doubts-us-iran-stalemate-extends-439850\/"},"modified":"2026-10-12T17:06:40","modified_gmt":"2026-10-12T10:06:40","slug":"crude-oil-climbs-again-as-russia-ukraine-ceasefire-faces-doubts-us-iran-stalemate-extends","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-climbs-again-as-russia-ukraine-ceasefire-faces-doubts-us-iran-stalemate-extends-439850\/","title":{"rendered":"Crude oil climbs again as Russia-Ukraine “ceasefire” faces doubts, US-Iran stalemate extends"},"content":{"rendered":"
\n

Crude oil pulled
\n back in the final part of last week after Trump ruled out strikes on Iran
\n before the November elections and added that they\u2019ve been having productive
\n discussions. <\/p>\n

Over the weekend, Iran said that the US’s
\n response to its proposal to reopen the Strait of Hormuz was insufficient. The
\n negotiations to resolve the difference are still ongoing and Iran’s Foreign
\n Ministry Spokesperson said today that Tehran is still reviewing US positions
\n and will reply via intermediaries when the review is over.<\/p>\n

Trump also claimed
\n on Sunday that Russia and Ukraine agreed to an energy ceasefire and will halt
\n attacks on each other’s energy facilities. According to Axios, Trump made a
\n similar announcement last month, but neither party confirmed that there was a
\n deal and both Russia and Ukraine continued attacking energy infrastructure.<\/p>\n

Ukraine\u2019s
\n President Zelenskiy said this morning that Russia committed breaches of the energy
\n ceasefire announced by Trump but added that they are waiting for details of
\n talks between US and Russia. <\/p>\n

The efforts to
\n increase Russian diesel exports to the US could help ease concerns about fuel
\n availability, but they will not resolve the shortage of crude flows through
\n Hormuz. <\/p>\n

Looking ahead, the focus will remain mainly on US-Iran negotiations,
\n although a de-escalation in the Saudi-Houthi and Russian-Ukraine attacks could
\n also limit the rise in crude prices. A breakthrough in negotiations and the
\n reopening of the Strait of Hormuz, would lead to a major selloff in oil prices
\n on expected supply improvement, while a negative outcome wouldn\u2019t change much
\n at this point, although it would limit the downside in crude.<\/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) has been
\n rising pretty steadily after bouncing on the lower bound of the channel, as the
\n buyers stepped in to target a rally into the 110.00 resistance. If the price
\n pulls back to the lower bound of the channel again, we can expect the buyers to
\n step in, with a defined risk below the channel, to keep targeting the 110.00
\n resistance. The sellers, on the other hand, will want to see the price breaking
\n lower to pile in for a drop into the 68.00 support next, with the 80.00 level
\n 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 that the break of the downward trendline opened the door for a rally into
\n the 96.77 level. If the price gets there, we can expect the sellers to step in,
\n with a defined risk above the level, to position for a drop back into the lower
\n bound of the channel. The buyers, on the other hand, will look for a break
\n higher to 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 pulled back into the minor upward trendline and bounced, as the
\n buyers stepped in to keep pushing into the 96.77 resistance. This morning, the
\n price broke above the downward counter-trendline. The buyers increased the
\n bullish bets into the 96.77 resistance on the breakout. The sellers will want to
\n see the price falling back below the counter-trendline to target a pullback
\n into the upward trendline, where the buyers will likely step in again to keep
\n pushing into new highs. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

On
\n Wednesday<\/a> we have the US CPI report. On Thursday, we get the US PPI, the US
\n Retail Sales and the latest US Jobless Claims figures. The focus, though, will
\n remain on US-Iran negotiations.<\/p>\n

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

Crude oil pulled back in the final part of last week after Trump ruled out strikes on Iran before the November elections and added that they\u2019ve been having productive discussions. Over 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-439850","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439850","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=439850"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439850\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}