U.S. crude oil: range-bound fluctuation, sell on rallies, buy on dips

智通财经2026/08/31 02:21

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

(1) Analysis: Concerns over supply risks in the Strait of Hormuz have resurfaced, supporting a higher opening in oil prices. However, the volume of crude oil continuously passing through the Strait of Hormuz has also rebounded significantly, resulting in an actual supply contraction that is less than the market previously feared. Technically, oil prices have yet to break through important ranges; therefore, amid short-term sentiment disturbances, it is advisable to remain range-bound and wait for a directional breakout. (2) Key focuses: Geopolitical situation, inventory data, U.S. Dollar Index. (3) Resistance: 85.60, 86.00, 86.50. (4) Support: 84.60, 84.00, 83.50.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Xu Guojin, Vice President of Advanced Packaging Technology Development at TSMC, stated today that the underlying architecture of optical transceivers is undergoing a structural transformation, with silicon photonics becoming the mainstream type. It is expected that by 2027, market share could exceed 50%. The ultimate form of silicon photonics is Co-Packaged Optics (CPO), and some manufacturers are expected to begin mass production in the second half of this year.

智通财经•2026/08/31 03:56

Spot gold has just broken through the $4,420.00/ounce level, currently quoted at $4,419.96/ounce, down 0.77% on the day; the main COMEX gold futures contract is currently quoted at $4,470.00/ounce, down 1.32% on the day.

智通财经•2026/08/31 03:51

Hawkish remarks from Waller boost rate hike bets, putting pressure on gold prices

新浪财经•2026/08/31 03:50

Spot platinum has just broken through the $1,800.00/oz level, now quoted at $1,799.88/oz, down 1.15% on the day; NYMEX platinum futures main contract is now quoted at $1,813.4/oz, down 2.21% on the day.

智通财经•2026/08/31 03:46