Short-term trading advice for US crude oil: range-bound trading, sell at highs, buy at lows.

智通财经2026/10/01 02:06

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(1) Analysis: Crude oil transportation in the Middle East has rebounded to near pre-conflict levels. Half of Saudi Arabia’s east-west pipeline capacity has been restored, and the United States plans to release 40 million barrels of strategic reserves through swaps, significantly easing supply concerns. However, the stalemate in US-Iran negotiations remains unresolved, and geopolitical risk premiums may still fluctuate. Oil prices are consolidating around $90 and may remain range-bound in the short term.(2) Main focus: geopolitical situation, inventory data, US Dollar Index, US non-farm payroll data.(3) Resistance: 90.60, 91.00, 92.00(4) Support: 90.00, 89.50, 89.00

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According to a report by Iran's Fars News Agency on June 3, the Iranian Islamic Revolutionary Guard Corps Navy has taken action against at least seven "violating" oil tankers in the Strait of Hormuz over the past five days. Citing multiple sources, the report states that although the US government has consistently claimed that the Strait of Hormuz remains open and under US control, in reality, Iran has acted against more than one oil tanker on average per day. (Xinhua News Agency)

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