US crude oil short-term trading suggestion: fluctuating downward, sell on rallies

(1) Analysis: The expected signing of a peace agreement between the US and Iran continues to intensify, and the reopening of the Strait of Hormuz to navigation has eased supply concerns, leading to a further decline in market risk premiums. Meanwhile, the International Energy Agency predicts that global crude oil supply growth will significantly outpace demand growth in the coming years, and expectations of a loose supply-demand balance are suppressing oil prices. However, after a consecutive decline in the early stage, there is technical demand for a correction, so prices may maintain a short-term volatile and slightly weak trend.(2) Key focus: Geopolitical situation, inventory data, US Dollar Index, OPEC+ production policy(3) Resistance: 75.00, 76.50, 77.00(4) Support: 74.30, 74.00, 72.00