President Trump in a TruthSocial post says the U.S. is having productive discussions with Iran and will not attack the country before the November 3 midterm elections.In the statement, Trump says the blockade will remain in full force and reiterates that Iran will not be allowed to have a nuclear weapon. He also claims 22 million barrels of oil flowed through the Strait of Hormuz last night, with none coming from or going to Iran.For oil traders, the pledge has eased concerns about an imminent attack and weigh on the geopolitical risk premium. The blockade, however, remains a source of tension. Nevertheless, the price has pushed lower and away from the swing area between $92.29 and $93.48 as outlined in the earlier video. Those traders who leaned against the swing area will now look to target the 200 and 100 hour MAs below between $90.90 and $89.91. The low price just reached $90.26 between the two MA levels. Traders have another decision - Take profit or buy here and look for a move back above the 200 hour MA, OR Look for the break of the 100 hour MA, and a potential run back to the 50% target and below that the 100 day MA. This article was written by Greg Michalowski at investinglive.com.