US crude oil short-term trading advice: oscillate within the range, sell on rallies, buy on dips.
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(1) Analysis and reasoning: The tensions between the United States and Iran have escalated once again, causing market concerns about the stability of Middle Eastern crude oil supplies. The risk premium continues to support oil prices. Cooling U.S. inflation in June has weakened the dollar, which is positive for oil prices, but the demand outlook still needs to be verified by economic data. WTI maintains an oscillating upward structure and remains relatively strong in the short term, awaiting a test of the dense pressure zone.(2) Key focus: Geopolitical situation, inventory data, U.S. Dollar Index(3) Resistance: 80.50, 81.00, 81.30(4) Support: 79.30, 79.00, 78.00
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