Short-term trading suggestions for US crude oil: range oscillation, sell on rallies and buy on dips.
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(1) Analysis: The situation in the Middle East remains uncertain, and transportation risks through the Strait of Hormuz continue to support oil prices, while low U.S. crude inventories limit the potential for a pullback. However, a staged rebound in the U.S. Dollar Index and market concerns about high inflation have led to some profit-taking at high oil prices. From a technical perspective, WTI continues to maintain a high-level consolidation structure, and in the short term it may fluctuate repeatedly within the $95-100 range. (2) Key focus: Geopolitical situation, inventory data, U.S. Dollar Index. (3) Resistance: 100.00, 102.00, 105.00. (4) Support: 96.00, 95.00, 92.00.
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