Testing a key swing area gives crude oil shorts a risk reference
Crude oil futures test a key swing area, giving traders a level to define risk and short-term bias.
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Crude prices move higher as Globex opens the new week
Crude moved higher as the Globex week opened, following a weekend of deadlock and the possibility of renewed escalation.
27/09/2026 22:212 min read
A new trading week has opened on Globex.
- Crude prices have jumped after a weekend of continued deadlock and the possibility that hostilities could ramp up again:
- Waltz describes Iran's Hormuz proposal as a cynical attempt to win upfront concessions
- Schools in Riyadh are switching to remote learning as the Houthis claim to have downed a drone
- Iran sticks to its diplomatic course as a Hormuz missile strike raises risk before trading begins
- Trump is refusing to say whether he will strike Iran again before the midterms
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