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Short-term trading suggestions for US crude oil: range-bound fluctuation, sell on rallies and buy on dips.

Short-term trading suggestions for US crude oil: range-bound fluctuation, sell on rallies and buy on dips.

智通财经智通财经2026/07/31 08:16
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(1) Analysis Reason: WTI crude oil remains in a range-bound pattern, with geopolitical risks still supporting oil prices. However, growing expectations of US-Iran negotiations ease supply concerns. The resumption of transportation in the Strait of Hormuz weakens short-term risk premiums, while the market focuses on global inventory changes and OPEC+ production policies. Fluctuations in the US Dollar Index and inflation expectations continue to influence capital flows, and technical analysis focuses on the direction of range breakout. (2) Key Focus: Geopolitical situation, inventory data, US Dollar Index (3) Resistance: 83.00, 83.50, 84.00 (4) Support: 81.60, 81.00, 80.50
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