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Short-term trading advice for US crude oil: trending upward, buy on dips

Short-term trading advice for US crude oil: trending upward, buy on dips

汇通财经汇通财经2026/02/26 02:17
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(1)Analysis rationale: Crude oil is currently facing supply pressure due to a significant increase in inventories, with US commercial crude oil inventories reaching a stage high, reflecting a relatively loose short-term supply and demand structure. Although geopolitical situations provide risk premium support, actual supply has not been substantially impacted, making it difficult for the market to generate sustained upward momentum. At the same time, there are expectations of increased production from OPEC+, which weakens bullish confidence. The technical structure is in the middle of the range, lacking conditions for a trend breakout, and the rebound is more of a corrective move. Before there is a significant improvement in fundamentals, oil prices will enter a range-bound mode, waiting for the moving averages to move up.(2)Key focus: Geopolitical situation, inventory data, US Dollar Index(3)Resistance: 66.00, 66.50, 67.00(4)Support: 65.30, 65.00, 64.60
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