US crude oil short-term trading recommendation: trending downward with fluctuations, sell on rallies
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(1) Analysis Reason: Crude oil is maintaining a short-term consolidation pattern. Geopolitical risks are providing support for oil prices, but the ongoing production increases by OPEC+ and expectations of supply recovery are limiting the upside. The market is focusing on inventory changes and demand outlook. WTI is currently in a key technical area, awaiting stabilization, with intraday expectation of range-bound movement.(2) Key Focus: Geopolitical situation, inventory data, US Dollar Index(3) Resistance: 69.50, 70.00, 70.60(4) Support: 68.30, 68.00, 67.20
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