WTI Crude Oil Short-Term Trading Suggestion: Downward Fluctuation, Sell on Rallies
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(1) Analysis: The ongoing volatility in the Middle East continues to support oil prices, but supply disruptions have not significantly expanded, and market risk premiums are gradually being digested. Diverging inventory expectations combined with fluctuations in the US dollar cause oil prices to lack a unilateral driver. Technically, WTI is facing resistance at the 90 threshold and has pulled back, entering a short-term consolidation range. Momentum is weakening but there is still support below, so overall, range-bound fluctuations are expected. (2) Focus on: geopolitical developments, inventory data, US dollar index (3) Resistance: 90.00, 92.00, 95.00 (4) Support: 85.00, 82.00, 80.00
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