{"id":441966,"date":"2026-11-11T18:40:13","date_gmt":"2026-11-11T11:40:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-rebounds-as-expectations-for-an-imminent-deal-fade-amid-the-lack-of-us-iran-progress-441966\/"},"modified":"2026-11-11T18:40:13","modified_gmt":"2026-11-11T11:40:13","slug":"crude-oil-rebounds-as-expectations-for-an-imminent-deal-fade-amid-the-lack-of-us-iran-progress","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/crude-oil-rebounds-as-expectations-for-an-imminent-deal-fade-amid-the-lack-of-us-iran-progress-441966\/","title":{"rendered":"Crude oil rebounds as expectations for an imminent deal fade amid the lack of US-Iran progress"},"content":{"rendered":"
\n

Crude oil has been edging higher recently amid the lack of concrete breakthrough
\n in US-Iran negotiations. <\/p>\n

Qatar said yesterday that it secured at least two weeks for diplomatic
\n efforts, adding that significant differences remain. So, the expectations for
\n an imminent deal should be repriced and that will likely lead to a rebound in
\n oil prices.<\/p>\n

Crude oil fell significantly following the US midterm elections on the
\n wrong assumptions that the Republicans\u2019 loss would force Trump to wrap up the
\n Iran war quickly. The reality is that Trump can continue the war without Congress.
\n Moreover, it\u2019s not even logical to leave now that he doesn\u2019t have anything to
\n lose. <\/p>\n

We can argue that
\n the midterm loss has made things even worse for negotiations as Iran got
\n emboldened by the Democrats victory. Tehran continues to insist on their terms,
\n but the US has never considered those acceptable. So, the stalemate could drag
\n on more than expected and Trump could also consider limited strikes against nuclear
\n facilities rather than broader attacks on energy infrastructure.<\/p>\n

It goes without saying that a concrete breakthrough would trigger a
\n significant selloff and take oil prices back to pre-war levels relatively
\n quickly. But an escalation, on the other hand, could trigger another rally on a
\n rising risk premium, although there\u2019s also a chance that it could be
\n short-lived if Trump launches limited strikes just to save face before exiting
\n the war. <\/p>\n

For now, I think the downside in oil prices remains limited and we could
\n actually erase all the losses since the US midterm elections if the stalemate
\n extend further.<\/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 rising back
\n above the key 87.00 handle. The buyers will likely pile in around these levels,
\n with a defined risk below the 87.00 handle, to position for a rally into the
\n 110.00 resistance. The sellers, on the other hand, will want to see the price falling
\n back below the level to extend the drop into the 80.00 handle next.<\/p>\n

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

On the 4 hour chart, we can
\n see the price is breaking above the downward trendline that was defining the
\n bearish momentum. The buyers will likely pile in on the break, with a defined
\n risk below the most recent low, to position for a rally into the 110.00 resistance,
\n with the 92.50 level as the first target. The sellers, on the other hand, will
\n want to see the price falling back below the trendline and the 87.00 handle to
\n pile in for a drop into the 80.00 level next.<\/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 likely pile in around these levels
\n to extend the rebound into the 92.50 level, while the sellers will wait for the
\n price to fall back below the key technical levels to extend the drop into the
\n 80.00 handle next. The red lines define the average daily range<\/a> for today. <\/p>\n

UPCOMING CATALYSTS<\/p>\n

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

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

Crude oil has been edging higher recently amid the lack of concrete breakthrough in US-Iran negotiations. Qatar said yesterday that it secured at least two weeks for diplomatic efforts, adding that significant…<\/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-441966","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441966","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=441966"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/441966\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=441966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=441966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=441966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}