{"id":439980,"date":"2026-10-13T21:50:44","date_gmt":"2026-10-13T14:50:44","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-futures-rebound-and-pushed-back-into-positive-territory-439980\/"},"modified":"2026-10-13T21:50:44","modified_gmt":"2026-10-13T14:50:44","slug":"crude-oil-futures-rebound-and-pushed-back-into-positive-territory","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-futures-rebound-and-pushed-back-into-positive-territory-439980\/","title":{"rendered":"Crude oil futures rebound and pushed back into positive territory"},"content":{"rendered":"
\n

Crude oil futures have rebounded after trading lower earlier in the day, with buyers defending a key cluster of technical support.<\/p>\n

The low reached $91.70, just above the 38.2% retracement of the rally from the July low to the September high at $91.60. The price also held above the rising 100-hour moving average at $91.36 and the 200-hour moving average at $90.86.<\/p>\n

That trifecta of support gives traders a clear area to define risk. Sellers would need to break below all three levels to shift the technical bias more firmly to the downside. Until then, buyers retain more control.<\/p>\n<\/p>\n

Buyers reclaim $93.48. Yesterday\u2019s high is next.<\/p>\n

The rebound has taken the price back above the top of a swing area at $93.48, with crude currently trading near $93.79. Staying above $93.48 would keep the immediate momentum tilted higher.<\/p>\n

The next target is yesterday\u2019s high at $94.36. A break above that level would open the door toward the late-September highs near $96.50, followed by the swing area between $97.00 and $98.48.<\/p>\n

What would give sellers more control?<\/p>\n

A move back below $93.48 would weaken the rebound, but sellers would still need to work through the support cluster between $91.60 and $90.86.<\/p>\n

A break below that area would put Monday\u2019s low near $89.60 in focus, followed by the September swing low at $88.72. Below those levels, traders would look toward the 50% midpoint of the July-to-September rally at $86.91, which was tested on October 6.<\/p>\n

For now, sellers had their shot near the retracement support and could not push through. Buyers have regained some momentum. The next challenge is to hold above $93.48 and extend through $94.36.<\/p>\n<\/p>\n

Trading lesson: Use technical levels to define risk<\/p>\n

When a Fibonacci retracement and moving averages sit close together, they create a cluster of support. That gives traders a clear area to judge whether buyers are holding control or sellers are gaining ground.<\/p>\n

For crude oil, that area runs from $91.60 down to $90.86. Holding above it supports the bullish bias. Breaking below it\u2014and staying below\u2014would strengthen the sellers\u2019 case.<\/p>\n

The lesson is to let the price action guide you. Support gives buyers a place to lean against and define risk, but it does not guarantee a bounce. Know what would prove your trade wrong before you enter.<\/p>\n<\/p>\n

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

Crude oil futures have rebounded after trading lower earlier in the day, with buyers defending a key cluster of technical support. The low reached $91.70, just above the 38.2% retracement of 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-439980","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439980","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=439980"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439980\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}