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US crude oil short-term trading advice: range-bound consolidation, sell on rallies, buy on dips

US crude oil short-term trading advice: range-bound consolidation, sell on rallies, buy on dips

智通财经智通财经2026/08/21 02:31
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(1) Analysis: WTI remains in a high-level range near $86, with a significant weekly increase. Risks associated with transportation through the Strait of Hormuz and concerns about Middle East supply continue to provide premium support. In the short term, it is still oscillating within a box pattern, without a clear directional breakout, and after consecutive gains, there is pressure for profit-taking. If geopolitical tensions escalate further, oil prices still have room to break higher. (2) Key focus: Geopolitical situation, inventory data, US Dollar Index (3) Resistance: 87.00, 87.50, 88.00 (4) Support: 86.00, 85.00, 84.50
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