Live Updates > Live Update Details
2026-04-06 09:03:23
[US Crude Oil Trading Reminder: Cautious Short-Term Long Positions on Dips] 1. Analysis Reasons: Trump's renewed threat to destroy Iranian power plants, coupled with Tehran's apparent reluctance to accept US demands to end the war, exacerbates supply concerns and continues to support oil prices. However, the Easter holiday may limit trading, and the market remains cautious before Tuesday's deadline. Furthermore, the decision by eight oil-producing countries to increase daily crude oil production by 206,000 barrels starting in May adds to the bullish sentiment. Recent gains have been significant, and profit-taking by short-term bulls should be monitored. 2. Key Focus: Middle East situation, US March ISM Non-Manufacturing PMI 3. Resistance: 114.30; 116.80; 119.50; 4. Support: 110.80; 109.50; 106.63
