US Crude Oil: Range-bound fluctuations, buy on dips, sell on rallies
智通财经2026/11/04 03:06Show original
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(1) Analysis: Negotiations between the US and Iran continue to advance, with repeated geopolitical risks and no substantial agreement reached yet. WTI has declined for two consecutive days, and the overall drop this week remains significant. The pullback of the US dollar provides some support, while the market awaits EIA inventory data for supply and demand guidance. Technically, WTI has entered a phase of range-bound fluctuation, waiting for a direction to emerge. (2) Key focus: Geopolitical situation, inventory data, US Dollar Index (3) Resistance: 96.80, 99.00, 100.00 (4) Support: 94.80, 94.00, 93.00
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