Short-term trading advice for US crude oil: range-bound oscillation, sell on rallies, buy on dips.
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(1) Analysis: The situation in the Middle East remains tense, the recovery of transportation in the Strait of Hormuz is slow, and market concerns over supply continue to support oil prices. The significant decline in API inventories has reinforced short-term expectations of tight supply and demand, while the strong US dollar limits further oil price increases. Technically, WTI remains above $103, and the overall trend is still strong, with the price likely to maintain high-level fluctuations in the short term. (2) Key focuses: Geopolitical situation, inventory data, US Dollar Index (3) Resistance: 105.00, 106.00, 108.00 (4) Support: 103.00, 102.00, 100.00
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