{"id":440628,"date":"2026-10-22T17:00:07","date_gmt":"2026-10-22T10:00:07","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-rises-as-hopes-for-a-deal-fade-amid-growing-prospects-of-another-us-attack-on-iran-440628\/"},"modified":"2026-10-22T17:00:07","modified_gmt":"2026-10-22T10:00:07","slug":"oil-rises-as-hopes-for-a-deal-fade-amid-growing-prospects-of-another-us-attack-on-iran","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-rises-as-hopes-for-a-deal-fade-amid-growing-prospects-of-another-us-attack-on-iran-440628\/","title":{"rendered":"Oil rises as hopes for a deal fade amid growing prospects of another US attack on Iran"},"content":{"rendered":"
\n

Crude oil bounced from a key trendline yesterday after we got reports that
\n the US was reducing its troop presence at bases across the region and cutting
\n staffing at diplomatic missions amid rising security risks. The bullish
\n momentum then picked up after The New York Times reported that the US and
\n Israeli militaries had developed plans for renewed strikes on Iran following
\n the US midterm elections, with additional forces expected to be fully deployed
\n by early November. <\/p>\n

Meanwhile, the Saudi-Houthi conflict continues to pose a significant threat
\n to energy infrastructure. The Houthis have intensified further the attacks
\n against Saudi Arabia, targeting airports, military facilities and energy
\n assets. <\/p>\n

Looking ahead, crude oil remains supported amid the escalating tensions in
\n the Middle East and the prospects of another US attack against Iran after the
\n midterms. Unless we get a de-escalation in the Saudi-Houthi conflict or a
\n surprising breakthrough in US-Iran negotiations, oil prices will likely
\n continue to rise. \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) has been
\n consolidating above the 96.77 level, although the momentum seems to be picking
\n up amid renewed Middle East tensions. The buyers will likely continue to pile
\n in around these levels, with a defined risk below the 96.77 level, to keep
\n targeting the 110.00 resistance. If the price gets there, we can expect the
\n sellers to step in, with a defined risk above the resistance, to position for a
\n drop back into the lower 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

\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

Today<\/a> we get the latest US
\n Jobless Claims figures, while tomorrow we conclude the week with the US Flash
\n PMIs. The focus will remain on the Middle East developments.<\/p>\n

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

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