Short-term trading suggestion for US crude oil: range-bound trading, sell on rallies, and buy on dips.
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(1) Analysis rationale: The US is further tightening measures related to the Strait of Hormuz, the Middle East situation remains tense, and the risk of supply disruption is driving up the oil price risk premium. The market is also focusing on EIA inventory changes and subsequent OPEC+ policies. In the short term, the technical structure remains relatively strong, and if the US dollar index remains stable, WTI is expected to maintain a volatile yet strong trend.(2) Key focus: Geopolitical situation, inventory data, US dollar index(3) Resistance: 80.00, 80.50, 81.00(4) Support: 79.00, 78.60, 78.00
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