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2025-10-29 10:56:15
【Short-term trading advice for US crude oil: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: Affected by the new round of sanctions imposed by the United States on major Russian oil producers, international oil prices fell for the third consecutive day. At the same time, US crude oil inventory data showed mixed results, with some regions experiencing a decrease in inventory but Cushing inventory increasing. In the short term, there is a possibility of a second decline in oil prices. Technically, after testing the range resistance, it did not break through. We are waiting for the indicators to correct before choosing a direction. (2) Key areas to watch: geopolitical situation, EIA inventory data, US dollar index (3) Resistance: 60.50, 61.00, 61.50 (4) Support: 60.00, 59.50, 59.00
