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Oil Surrenders Most of the Previous Session’s Gains

Technical Analysis
By Mostafa Mahmoud
Oil Surrenders Most of the Previous Session’s Gains
0 6

USOILالنفط الخام 9-6-2026

Oil is trading above the $86.30 support level, and prices are likely to move sideways between the $95.10 resistance level and the aforementioned support level.

Support

 86.30 79.25
Resistance 95.10

106.50

Oil prices declined, giving up most of the gains recorded in the previous session as concerns over supply disruptions in the Middle East eased following the announcement of a ceasefire between Iran and Israel. The pullback came as investors reduced their bets on a continued rise in prices, although markets remain cautious due to the possibility of renewed geopolitical tensions, leaving oil prices vulnerable to significant volatility in the coming period.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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