US crude oil short-term trading advice: range-bound oscillation, sell on rallies, buy on dips
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(1) Analysis: The temporary easing of tensions in the Middle East has reduced supply concerns, causing oil prices to retreat from recent highs. However, transportation risks in the Strait of Hormuz have not been completely resolved, providing market support. The strong US dollar limits the rebound potential for oil prices in the short term. The market is currently focusing on inventory data and developments in geopolitical situations, with WTI crude oil expected to remain in a high-level volatile range.(2) Key focuses: Geopolitical situation, inventory data, US dollar index(3) Resistance levels: 92.00, 93.00, 95.50(4) Support levels: 90.00, 88.00, 86.00
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