Short-term trading advice for US crude oil: fluctuating downward, sell on rallies

(1) Analysis reason: The expected peace agreement between the US and Iran is anticipated to restore navigation in the Strait of Hormuz, which increases expectations for global crude oil supply and puts pressure on oil prices. Meanwhile, increased production by OPEC+ and the resumption of Iranian exports may further loosen supply. However, a significant decline in US crude oil inventories limits the drop, and there is a need for technical correction after a short-term oversold situation, so oil prices are expected to remain volatile and slightly weak at low levels. (2) Key focus: Geopolitical situation, inventory data, US Dollar Index (3) Resistance: 76.00, 77.50, 78.00 (4) Support: 75.00, 73.30, 72.00