Huazi Crude Oil Morning Outlook



Good morning, family ☀️
Today, intense clashes at sea and escalating military standoffs in the Strait continue, the Strait of Hormuz shipping is obstructed, and crude oil supply risks are soaring straight up. Geopolitical safe-haven demand strongly supports oil prices, giving the bulls plenty of confidence to rise.

Prices stabilize at low levels with continuous volume increases, and bullish momentum steadily continues. The daily and 4-hour charts show an upward bullish alignment, and short-term pullbacks are just normal consolidation, not a trend reversal. Strong buying support below, with global energy supply and demand remaining tight, and ongoing conflicts, make it difficult for prices to fall back. After consolidation, prices are still expected to surge again.

Short-term pullbacks are excellent opportunities for long entries at low levels. The more thorough the consolidation, the stronger the subsequent rally, and there is still ample room for upward movement.

Trading Suggestions
Buy on dips in the 102.0-103.0 range, in stages
Target
106.5-110.5

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