Short-term trading advice for US crude oil: range-bound, sell on rallies, buy on dips
智通财经2026/08/19 02:16Show original
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(1) Analysis: WTI maintains a four-day winning streak and operates above $84, with persistent shipping risks in the Strait of Hormuz continuing to support the supply premium. U.S. inventories turned to a slight decline after a significant prior build, easing fundamental pressures; stronger oil prices are also boosting inflation expectations. The short-term technical structure is bullish, but after continuous gains, caution is needed for profit-taking at high levels. (2) Key focus: geopolitical situation, inventory data, U.S. Dollar Index. (3) Resistance: 85.50, 86.00, 86.60. (4) Support: 84.00, 83.00, 82.50.
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