US crude oil short-term trading advice: fluctuating upward, buy on dips
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(1)Analysis reasons: The risk of conflict between the US and Iran is rising, coupled with a significant decline in US crude oil inventories, strengthening expectations of supply tightening. Risk premiums are pushing oil prices higher. The Middle East accounts for a high proportion of global supply, and if the situation deteriorates, exports will be affected, with the market pricing in geopolitical risks in advance. From a technical perspective, the daily chart has broken through the consolidation range and stabilized above $65, with moving averages in a bullish alignment and momentum indicators expanding, indicating a high probability of trend continuation. (2)Key focus: Geopolitical situation, trade sentiment, inventory data, US dollar index. (3)Resistance: 67.00, 67.80, 68.30. (4)Support: 66.00, 65.30, 65.00.
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