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2026-05-28 10:18:14
【Short-term trading advice for US crude oil: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: The continued tension in the Middle East and the transportation risks in the Strait of Hormuz support oil prices. The continuous decline in US crude oil inventories further strengthens the expectation of tight supply. In the short term, WTI will maintain a range-bound trading pattern above $90. The market is waiting for guidance from EIA data and US inflation data. The overall technical picture is biased towards range-bound trading. (2) Key areas to watch: geopolitical situation, inventory data, US dollar index, US PCE price index (3) Resistance: 90.50, 91.20, 92.00 (4) Support: 90.00, 89.00, 88.00
