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Short-term trading suggestion for US crude oil: fluctuating upward, buy on dips

Short-term trading suggestion for US crude oil: fluctuating upward, buy on dips

汇通财经汇通财经2026/02/24 02:00
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(1)Analysis Reason: The current support for crude oil mainly comes from geopolitical risk premiums and inventory changes. The escalation of tensions in the Middle East has led the market to reassess supply security issues, especially with increased transportation risks in the Strait of Hormuz, pushing up the price floor. Meanwhile, the latest US inventory data showed a larger-than-expected decline, indicating a short-term tightening of supply and demand. However, the global economic growth outlook is still affected by trade policies and the financial environment, and the improvement on the demand side is limited, which restricts a rapid breakout in oil prices. Overall, supply-side risks dominate in the short term, but the lack of sustained positive momentum makes it more likely for oil prices to remain at high levels.(2)Key Focus: Geopolitical situation, inventory data, US Dollar Index(3)Resistance: 66.80, 67.30, 67.60(4)Support: 66.00, 65.60, 65.00
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