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2026-02-20 09:12:40
【Short-term trading advice for US crude oil: Oscillating upward, buy on dips】 (1) Reasons for analysis: The risk of conflict between the US and Iran is rising, coupled with a sharp decline in US crude oil inventories, strengthening the expectation of supply tightening, and the risk premium is driving oil prices higher. The Middle East accounts for a high proportion of global supply, and once the situation deteriorates, it will affect exports. The market has priced in geopolitical risks in advance. Technically, the daily chart has broken through the oscillation range and stood above $65. The moving averages are in a bullish formation, the momentum indicators are increasing, and the probability of the trend continuing is relatively high. (2) Key areas to watch: 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
