Short-term trading advice for US crude oil: range-bound trading, sell on rallies, buy on dips

(1) Analysis: Ongoing tensions in the Middle East and rising risks in crude oil transportation are driving WTI oil prices to remain at high levels. Concerns over shipping in the Strait of Hormuz and the Red Sea are supporting a supply risk premium, while expectations of declining inventories are improving market sentiment. A weakening US dollar also supports oil prices. However, after a sharp rise, be cautious of profit-taking pressure. In the short term, pay attention to opportunities in the price fluctuation range. (2) Key focus: Geopolitical situation, inventory data, US Dollar Index (3) Resistance: 89.00, 89.70, 90.60 (4) Support: 87.00, 86.00, 85.00