US crude oil short-term trading suggestion: fluctuating upward trend, buy on dips
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(1) Analysis: The ongoing tension in the Middle East combined with Red Sea shipping risks has increased expectations of supply disruptions, supporting oil prices at high levels. After WTI surpassed $100, bullish momentum has slowed, and the market is entering a high-level consolidation phase. The oscillating US Dollar Index has had a limited suppressive effect on oil prices, while inflation expectations continue to provide support. Technically, the short-term trend shows a choppy upward structure with limited retracement space, maintaining an overall bullish outlook. (2) Key focus: Geopolitical situation, inventory data, US Dollar Index (3) Resistance: 103.00, 105.00, 108.00 (4) Support: 100.00, 98.00, 95.00
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