Short-term trading suggestion for US crude oil: range-bound, sell on rallies, buy on dips
智通财经2026/08/12 02:26Show original
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(1) Analysis Reason: US crude oil in the short term is supported by Middle East supply risks, with WTI fluctuating around $84. The market is focused on the transportation risks of the Strait of Hormuz and changes in the US-Iran situation. A significant increase in API inventories has limited the upside, but geopolitical risks continue to provide a premium. In the short term, pay attention to EIA inventories, the US dollar trend, and changes in inflation expectations. Technically, the price mainly remains in a range-bound pattern. (2) Key Focus: Geopolitical situation, inventory data, US Dollar Index (3) Resistance: 84.00, 84.50, 85.00 (4) Support: 83.00, 82.30, 82.00
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