U.S. crude oil short-term trading advice: range-bound oscillation, sell on rallies, buy on dips

(1) Analysis: Uncertainty in the US-Iran situation is driving a return of geopolitical risk premium, supporting oil prices; the US will release 40 million barrels of strategic reserves through swaps, but distillate inventories are 14% lower than the five-year average, and EIA crude oil inventories increased by 922,000 barrels, indicating supply remains tight; the OPEC+ weekend meeting is expected to keep November quotas unchanged. Technically, prices remain in a range-bound pattern, awaiting pressure tests. (2) Key focus: geopolitical situation, inventory data, US Dollar Index, US non-farm data. (3) Resistance: 93.00, 93.70, 94.50. (4) Support: 92.00, 91.00, 90.00.