US crude oil short-term trading suggestion: range-bound fluctuations, sell on rallies, buy on dips

(1) Analysis: The market remains cautiously optimistic regarding progress in US-Iran negotiations, easing some supply concerns and leading to a continued pullback in WTI. At the same time, OPEC+ is expected to slightly increase production, which weakens upward momentum for oil prices. However, risks in the Strait of Hormuz persist, and with global inventories remaining low, there is still support for oil prices on the downside. In the short term, prices may maintain a high-level oscillating trend. (2) Key focus: geopolitical situation, inventory data, US Dollar Index (3) Resistance: 100.00, 102.00, 105.00 (4) Support: 97.00, 95.00, 92.00