{"id":440913,"date":"2026-10-27T17:40:13","date_gmt":"2026-10-27T10:40:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-consolidates-around-recent-highs-as-fears-of-imminent-us-strikes-ease-whats-next-440913\/"},"modified":"2026-10-27T17:40:13","modified_gmt":"2026-10-27T10:40:13","slug":"oil-consolidates-around-recent-highs-as-fears-of-imminent-us-strikes-ease-whats-next","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/oil-consolidates-around-recent-highs-as-fears-of-imminent-us-strikes-ease-whats-next-440913\/","title":{"rendered":"Oil consolidates around recent highs as fears of imminent US strikes ease. What’s next?"},"content":{"rendered":"
\n

Crude oil is consolidating around recent highs as the fears of imminent US
\n attacks on Iran eased. Nevertheless, the market remains supported amid
\n persistent escalation risk given the prolonged stalemate in negotiations. <\/p>\n

Moreover, the talks between Saudi Arabia and Iran failed to produce any
\n meaningful breakthrough, with no agreement announced to halt Houthi attacks or
\n de-escalate the Saudi-Houthi conflict. <\/p>\n

Meanwhile, the Houthis yesterday targeted the Saudi\u2019s East-West oil
\n pipeline pumping stations and Riyadh airport. As a reminder, the East-West
\n pipeline is a critical alternative export route and disruptions in September
\n contributed to a surge in oil prices. <\/p>\n

Looking ahead, oil prices will remain supported amid the tensions in the
\n Middle East and the prospects of another US attack. A de-escalation in the
\n Saudi-Houthi conflict or a surprising breakthrough in US-Iran negotiations, on
\n the other hand, should lead to a big correction. \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) is
\n consolidating around recent highs. There\u2019s not much we can glean from this
\n timeframe as the most important levels remain the lower bound of the channel
\n and the resistance around the 110.00 level, so we need to zoom in to see some
\n more details.<\/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, we
\n have a minor downward trendline defining the current pullback. The sellers will
\n likely continue to lean on the trendline, with a defined risk above it, to keep
\n targeting a break below the upward trendline. The buyers, on the other hand,
\n will want to see the price breaking higher to increase the bullish bets into
\n the 110.00 resistance. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a>we get the US Consumer Confidence report. Tomorrow, we
\n have the FOMC rate decision. On Thursday, we get the US GDP report, the US PCE
\n and the latest US Jobless Claims figures. On Friday, we conclude the week with
\n the US Employment Cost Index. The focus will remain on the Middle East
\n developments.<\/p>\n

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

Crude oil is consolidating around recent highs as the fears of imminent US attacks on Iran eased. Nevertheless, the market remains supported amid persistent escalation risk given the prolonged stalemate in negotiations.…<\/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-440913","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440913","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=440913"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/440913\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=440913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=440913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=440913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}