US Crude: Oscillating Downward, Sell on Rallies

【US Crude: Oscillating Downward, Sell on Rallies】

(1) Analysis Rationale: US-Iran diplomatic easing is progressing, Middle East oil transport has nearly recovered to pre-war levels, and oil prices have fallen nearly 20% from late-October peaks, with clear supply-side pressure. The daily MACD remains in a bearish structure, with weak rebounds after hitting new adjustment lows, while the 4-hour MACD divergence indicates oversold bounces have not yet reversed the trend. Short-term, the market is expected to maintain a downward oscillation.

(2) Key Focus: Geopolitical situation, inventory data, US dollar index

(3) Resistance: 87.00, 88.00, 89.00

(4) Support: 86.00, 85.00, 84.20