{"id":440549,"date":"2026-10-21T18:40:07","date_gmt":"2026-10-21T11:40:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-volatility-increases-amid-conflicting-reports-over-us-iran-negotiations-440549\/"},"modified":"2026-10-21T18:40:07","modified_gmt":"2026-10-21T11:40:07","slug":"crude-oil-volatility-increases-amid-conflicting-reports-over-us-iran-negotiations","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-volatility-increases-amid-conflicting-reports-over-us-iran-negotiations-440549\/","title":{"rendered":"Crude oil volatility increases amid conflicting reports over US-Iran negotiations"},"content":{"rendered":"
\n

Crude oil whipsawed yesterday
\n on some positive but conflicting reports around the ongoing US-Iran negotiations.\n <\/p>\n

Al-Arabiya reported that Qatar and Pakistan
\n presented a “compromise proposal” that met the demands of both the
\n American and Iranian sides. The new proposal also included partial response to
\n Iran’s frozen funds demand.<\/p>\n

Oil prices sold off initially as expectations of
\n an imminent deal grew stronger but then reversed after a diplomat involved in
\n US-Iran talks said that negotiations continue and that reports of a deal being
\n close were wrong.<\/p>\n

If we do get a breakthrough, we can expect crude
\n oil to sell off hard on expectations of improved energy supply amid the
\n reopening of the Strait of Hormuz. A prolonged stalemate, though, should keep
\n the market supported.<\/p>\n

Meanwhile, the Saudi-Houthi
\n conflict continues. The attacks intensified sharply recently and have been an
\n important driver of higher oil prices in the past couple of weeks. Iran said
\n yesterday that it has not received a response from Saudi Arabia or the Houthis
\n to its offer to help broker talks to end the fighting. A de-escalation on this
\n front would also help bringing oil prices lower in the short-term, potentially
\n erasing October\u2019s gains. <\/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 now
\n consolidating above the 96.77 level as positive US-Iran negotiations headlines limit
\n the bullish momentum. The buyers will likely continue to pile in around these
\n levels, with a defined risk below the 96.77 level, to keep targeting the 110.00
\n resistance. If the price gets there, we can expect the sellers to step in, with
\n a defined risk above the resistance, to position for a drop back into the lower
\n bound of the channel. \u00a0<\/p>\n

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

On the 4 hour chart, we have
\n a minor upward trendline defining the bullish momentum. The buyers will likely
\n continue to lean on the trendline, with a defined risk below it, to keep
\n pushing into new highs. The sellers, on the other hand, will look for a break
\n lower to extend the drop into the lower bound of the channel.<\/p>\n

CRUDE OIL TECHNICAL
\n 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 buyers will continue to have a better risk to
\n reward setup around the trendline, while the sellers will need a break below
\n the trendline and the 96.77 level to target a deeper pullback into the lower
\n bound of the channel. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

On
\n Thursday<\/a> we get the latest US Jobless Claims figures, while on Friday we
\n conclude the week with the US Flash PMIs. The focus will 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 whipsawed yesterday on some positive but conflicting reports around the ongoing US-Iran negotiations. Al-Arabiya reported that Qatar and Pakistan presented a “compromise proposal” that met the demands of both 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-440549","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440549","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=440549"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440549\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}