Short-term trading advice for US crude oil: trending downward with oscillations, sell on rallies.
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(1) Analysis Reasons: OPEC+ continues increasing production alongside supply recovery, while improved shipping in the Strait of Hormuz reduces geopolitical premiums, leading to a global loosening of crude oil supply. Demand growth is relatively weak, and expectations for inventory rebound are increasing. Technically, after a high-level pullback, the rebound is lackluster, and the overall structure remains in a bearish oscillation.(2) Key Focus: Geopolitical situation, inventory data, US dollar index(3) Resistance: 69.00, 69.30, 69.80(4) Support: 67.50, 67.00, 66.50
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