Short-term trading advice for US crude oil: range-bound oscillation, sell on rallies, buy on dips.
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(1) Analysis: The situation in the Middle East remains tense, and transportation risks in the Strait of Hormuz are supporting oil prices. The continuous decline in U.S. crude oil inventories further reinforces expectations of tight supply. In the short term, WTI is fluctuating above $90, with the market awaiting EIA data and U.S. inflation figures for guidance. Technically, the overall trend is volatile.(2) Key points to watch: Geopolitical situation, inventory data, U.S. Dollar Index, U.S. PCE Price Index(3) Resistance: 90.50, 91.20, 92.00(4) Support: 90.00, 89.00, 88.00
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