{"id":441845,"date":"2026-11-10T18:40:13","date_gmt":"2026-11-10T11:40:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-loses-ground-on-renewed-us-iran-deal-hopes-but-a-concrete-breakthrough-isnt-in-sight-yet-441845\/"},"modified":"2026-11-10T18:40:13","modified_gmt":"2026-11-10T11:40:13","slug":"crude-oil-loses-ground-on-renewed-us-iran-deal-hopes-but-a-concrete-breakthrough-isnt-in-sight-yet","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-loses-ground-on-renewed-us-iran-deal-hopes-but-a-concrete-breakthrough-isnt-in-sight-yet-441845\/","title":{"rendered":"Crude oil loses ground on renewed US-Iran deal hopes, but a concrete breakthrough isn’t in sight yet"},"content":{"rendered":"
\n

Crude oil came under renewed
\n pressure yesterday after we got some positive headlines that increased hopes
\n for a US-Iran deal.<\/p>\n

It was reported
\n that meetings between Trump, Vance and the Qatari PM were positive, and they
\n discussed ways to progress talks with Iran.<\/p>\n

Trump said after
\n talks with the Qatari PM that Qatar would rather see a peaceful solution with
\n Iran, but the US is ready for strikes if necessary.<\/p>\n

Moreover, it was
\n reported that the US has allowed a small uranium enrichment inside Iran, which
\n Tehran agreed to, and preliminary agreement on reducing uranium enrichment is
\n likely.<\/p>\n

Keep in mind that US military strikes remain an option as Trump could
\n consider limited strikes against Iranian nuclear facilities rather than broader
\n attacks on energy infrastructure.<\/p>\n

A concrete breakthrough in negotiations would trigger a significant
\n selloff and take oil prices back to pre-war levels relatively quickly. An
\n escalation, on the other hand, could trigger another rally on a rising risk
\n premium, although there\u2019s also a chance that it could be short-lived if Trump
\n launches limited strikes just to save face before exiting the war. <\/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) broke below
\n the key 87.00 handle yesterday and opened the door for new lows. The sellers
\n piled in on the break and will likely continue to target the 80.00 level. If
\n the price gets there, we can expect the buyers to step in, with a defined risk
\n below the level, to position for a rally into the 110.00 resistance. The
\n sellers, on the other hand, will look for a break to increase the bearish bets
\n into the 68.00 support next.<\/p>\n

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

On the 4 hour chart, we now
\n have a downward trendline defining the bearish momentum. If we get a pullback,
\n we can expect the sellers to step in around the trendline, with a defined risk
\n above it, to keep targeting the 80.00 level. The buyers, on the other hand,
\n will want to see the price breaking higher to pile in for a rally into the
\n 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
\n have a minor downward trendline acting as resistance. The sellers will likely
\n continue to lean on it, with a defined risk above it, to keep pushing into new
\n lows. The buyers, on the other hand, will look for a break higher to extend the
\n pullback into the major downward trendline. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

Today<\/a> we have the US CPI
\n report. On Thursday, we get the latest US Jobless Claims figures. On Friday, we
\n conclude the week with the US PPI data. The focus will remain on US-Iran
\n developments.<\/p>\n

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

Crude oil came under renewed pressure yesterday after we got some positive headlines that increased hopes for a US-Iran deal. It was reported that meetings between Trump, Vance and the Qatari PM…<\/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-441845","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441845","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=441845"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441845\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}