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

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

智通财经智通财经2026/07/24 02:31
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(1) Analysis reasons: The escalation of the Middle East situation is raising supply risks, with WTI crude oil remaining at high levels and increasing by more than 10% this week. Red Sea shipping risks and partial export disruptions are supporting oil prices, but increased profit-taking at high levels creates short-term adjustment pressure. A strong US dollar index and changes in inventory may limit upside potential; closely monitor changes in geopolitical risk premium. (2) Key focus: Geopolitical situation, inventory data, US dollar index (3) Resistance: 92.00, 93.00, 95.00 (4) Support: 90.00, 88.00, 85.00
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