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2025-10-31 10:19:54
【Short-term trading advice for US crude oil: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: The global trade sentiment has improved, coupled with the easing of geopolitical tensions, which has led to renewed concerns about oversupply. At the same time, the market expects the probability of OPEC increasing production to further increase, which is also unfavorable to oil prices in the short term. At present, the technical level is still within the range-bound trading. Before a reversal trend appears, we should wait for the technical indicators to correct and continue to pay attention to changes in market expectations for demand. (2) Key areas to watch: geopolitical situation, trade sentiment, US dollar index (3) Resistance: 60.50, 61.00, 61.50 (4) Support: 60.00, 59.50, 59.00
