US crude oil short-term trading advice: trade within the range, sell on rallies, and buy on dips.
智通财经2026/08/20 02:21Show original
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(1) Analysis: The situation in the Middle East and transportation risks in the Strait of Hormuz continue to support oil prices, with WTI remaining at a high level around $85. Previous EIA data showed that U.S. crude oil inventories increased by about 4.4 million barrels, limiting the upside potential, but distillate inventories dropped by 1.5 million barrels, indicating continued resilience in demand. In the short term, prices are still likely to remain in a range; pay attention to changes in geopolitical risks. (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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