US Crude Oil: Trending Upwards Amid Fluctuations, Buy on Dips

(1) Analysis rationale: Ongoing escalation of Middle East supply risks, disruptions in transport through the Strait of Hormuz and the Red Sea, and WTI maintaining strength after breaking above $100. Supply concerns are raising the risk premium, continuing to support strong oil prices. However, as the recent short-term increase is significant, caution is needed for potential pullbacks from high levels. (2) Key focus: Geopolitical situation, inventory data, US Dollar Index, US CPI. (3) Resistance: 103.00, 104.00, 105.00. (4) Support: 102.00, 101.00, 100.00.