Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
US crude oil short-term trading recommendation: range-bound volatility, sell on rallies, buy on dips

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

智通财经智通财经2026/08/14 02:26
Show original
(1) Analysis: WTI remains fluctuating above $80, with transit risks in the Strait of Hormuz still providing a supply premium. However, the IEA and OPEC have continuously lowered demand expectations, and US crude oil inventories have surged, limiting upside potential. Short-term momentum for oil prices is cooling, and prices may undergo further adjustment in the near term. Before breaking below the support range, it is expected to remain in a sideways trend. (2) Key focus: geopolitical situation, inventory data, US Dollar Index. (3) Resistance: 81.50, 82.00, 83.00. (4) Support: 80.00, 79.50, 79.00.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!