US crude oil short-term trading strategy: range-bound oscillation, sell at highs, buy at lows

(1) Analysis: The ongoing tensions in the Middle East, combined with uncertainty in oil production policies in some countries, continue to support oil prices due to market concerns over supply interruptions. At the same time, the strengthening US dollar is exerting some downward pressure on oil prices. In addition, short-term technical indicators show signs of overbought conditions, so prices are likely to fluctuate and consolidate at high levels, and may remain in a rangebound trend in the short term.(2) Key focus: Geopolitical situation, inventory data, US Dollar Index(3) Resistance: 108.00, 112.00, 115.00(4) Support: 102.00, 100.00, 95.00