US crude oil short-term trading suggestion: fluctuating downward, sell on rallies
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(1) Analysis reasoning: The anticipation of US-Iran negotiations eases supply concerns, leading to a pullback in oil prices as the geopolitical premium continues to correct; meanwhile, the resumption of traffic through the Strait of Hormuz weakens market tensions. A weaker US dollar provides some support, but there has been no significant improvement in demand. In addition, technical indicators show a break below the previous key level of $95, suggesting short-term weakness and range-bound volatility, with possible repeated movements within the range.(2) Key concerns: Geopolitical situation, inventory data, US Dollar Index(3) Resistance: 92.00, 95.00, 100.00(4) Support: 87.00, 85.00, 82.00
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