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US crude oil short-term trading suggestion: fluctuating upward, buy on dips

US crude oil short-term trading suggestion: fluctuating upward, buy on dips

汇通财经汇通财经2026/03/04 02:07
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(1)Analysis Reason: The transportation risk in the Strait of Hormuz remains the core variable in current crude oil pricing. About one-fifth of global seaborne crude oil must pass through this channel, and any shipping restrictions will amplify supply uncertainty, making it difficult for market risk premiums to dissipate quickly. Meanwhile, there are no clear signs of easing geopolitical tensions, and short-term capital still favors a bullish structure. From the market perspective, WTI previously broke through the consolidation range and stabilized above $75, with daily moving averages showing a bullish alignment and the trend structure remaining intact. Although inventory data has increased temporarily, exerting some pressure on prices, the downside is expected to be relatively limited as long as supply risks are unresolved.(2)Key Focus: Geopolitical situation, inventory data, US Dollar Index(3)Resistance: 75.50, 76.60, 78.00(4)Support: 74.00, 73.30, 72.00
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