US crude oil short-term trading recommendation: range-bound oscillation, sell at highs and buy at lows

(1) Analysis: The ongoing supply risks in the Strait of Hormuz continue to support oil prices, with the market concerned about potential constraints on global crude oil transportation. Meanwhile, EIA inventory data is expected to be tight, which remains bullish for oil prices in the short term. However, rising US inflation has strengthened the US dollar, and additionally, after WTI returns to the $100 mark, some long positions have taken profits. As a result, oil prices may remain in a high-level consolidation pattern in the short term.(2) Key focus: Geopolitical situation, inventory data, US Dollar Index(3) Resistance: 102.00, 105.00, 108.00(4) Support: 100.00, 98.00, 96.00