US Crude Oil: Trending Upwards Amid Volatility, Buy on Dips

(1) Analysis: The Saudi east-west pipeline remains halted, and shipping through the Strait of Hormuz is restricted, keeping global supply risks elevated. WTI has risen above $102. The short-term trend is relatively strong, but oil prices are already in a high volatility zone, increasing the risk of chasing highs. Pay attention to the strength of support after any pullback, as well as the market’s directional choice after the Federal Reserve rate decision. (2) Key focus: Geopolitical situation, inventory data, US Dollar Index. (3) Resistance: 103.00, 104.00, 105.00. (4) Support: 102.00, 101.00, 100.00.