Short-term trading advice for US crude oil: range-bound oscillation, sell on rallies, buy on dips
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(1) Analysis rationale: Positive signals have been released from US-Iran negotiations, and expectations for the resumption of transportation in the Strait of Hormuz are rising. Market supply concerns have been significantly alleviated, leading to short-term downward pressure on WTI oil prices. At the same time, the US dollar index remains high, putting pressure on oil prices. From a technical perspective, after breaking below 90 USD, bearish sentiment has strengthened, and in the short term, a high-level volatile but weak trend may persist. (2) Key focuses: Geopolitical situation, inventory data, US dollar index (3) Resistance: 95.00, 96.00, 98.00 (4) Support: 90.00, 88.00, 86.00
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