Has there ever been silicone based wax used on the vehicle? Even a minuscule amount of silicone, which can penetrate all the way to the base metal, can produce the problems you're getting. Unless a panel has been stripped all the way to bare metal, silicone contamination is difficult to remove. Also, oil in your compressed air, not water, can be a huge problem. If your compressor has some piston ring wear, it can be contaminating the air you're using for your spray gun. The air filters that use a roll of toilet paper are pretty effective at catching oil from a compressor. That's what we used on the air lines to the spray booth at a couple of body shops I've managed.
McMaster-Carr catalog reference: Part numbers 9841K91, 92, or 94, depending on the pipe size of the fittings.
www.mcmaster.com/catalog/130/1237/9841K91Jerry