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2026-06-04 10:06:08
【Short-term trading advice for US crude oil: range-bound trading, sell on rallies and buy on dips】 (1) Reasons for analysis: The ongoing conflict between the US and Iran has increased supply concerns, and US crude oil inventories and reserves have fallen to multi-year lows. Exports remain high, providing support for oil prices. However, after the continuous rise in oil prices, a large amount of profit-taking has accumulated, and the market is paying attention to the progress of subsequent negotiations. In the short term, the price may maintain a high-level range-bound pattern, with relatively limited room for pullback. (2) Key areas to watch: geopolitical situation, inventory data, US dollar index (3) Resistance: 95.80, 98.00, 100.00 (4) Support: 92.00, 90.00, 88.00
