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2026-02-19 09:07:35
【Short-term trading advice for US crude oil: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: After a sharp rebound, international oil prices have remained high and consolidated. Geopolitical risk premium is still the dominant factor. The US-Iran negotiations have not yet broken down. The US has given a two-week buffer period, and the market is weighing the conflict and diplomacy repeatedly. If the situation escalates, the transportation risk in the Strait of Hormuz will continue to support oil prices; but if the negotiations make substantial progress, the risk premium may be quickly given back. In addition, the trend of the US dollar and inventory data also affect the short-term rhythm. Technically, WTI has broken through $63 on the daily chart and the momentum is still strong, but after continuous rises, there is a need for consolidation. In the short term, it is more inclined to pull back to confirm the support and then rise again. (2) Key focus: geopolitical situation, trade sentiment, inventory data, US dollar index (3) Resistance: 65.30, 65.80, 66.30 (4) Support: 64.80, 64.30, 64.00
