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

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

智通财经智通财经2026/07/22 02:21
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(1) Analysis Reason: WTI crude oil maintains a strong oscillation, with rising geopolitical risks driving concerns about supply, and increased transportation risks in the Red Sea and Black Sea adding a market risk premium. The strong trend of the US dollar limits oil price gains, with short-term attention focused on inventory data and supply changes. From a technical perspective, after oil prices remain stable around $84, they are approaching the resistance of the downward trend line, with the main focus on awaiting a breakout.(2) Key Focus: Geopolitical situation, inventory data, US Dollar Index(3) Resistance: $86.00, $86.70, $88.00(4) Support: $85.00, $84.00, $83.00
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