US crude oil short-term trading suggestion: fluctuate downward and sell on rallies

(1) Analysis: The easing of tensions between the US and Iran has facilitated the recovery of crude oil supply in the Middle East, with transportation through the Strait of Hormuz generally back to normal, leading to a continuous decrease in the market risk premium. At the same time, the US has temporarily relaxed certain restrictions on Iranian crude oil exports, increasing supply expectations. Although inventory declines provide some support for oil prices, the strong US dollar continues to suppress the performance of commodities. Overall, WTI remains in a pattern of limited rebound, with a short-term outlook of weak volatility.(2) Key focus: Geopolitical situation, inventory data, US Dollar Index(3) Resistance: 70.00, 70.50, 71.00(4) Support: 69.00, 68.30, 67.50