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Crude Oil Market Analysis:
As an OPEC member, Venezuela's crude oil production capacity and exports have been long suppressed by external sanctions. The current market core game revolves around the hedging between the potential supply release expectations and geopolitical uncertainties, which directly leads to short-term range-bound fluctuations in oil prices. It is worth noting that current oil prices have already approached a dense pressure zone; without further fundamental support, prices are likely to retreat again. From a technical perspective, focus should be on the effectiveness of short-term moving average breakthroughs, while on the data side, closely monitor marginal changes in supply to assess whether oil prices can gain upward momentum.
Core trading strategy: primarily adopt a buy-on-dip approach (note the differences in quotes among various crude oil contracts, and adjust entry points according to specific contracts).
Key technical zones:
- Hourly chart: Short-term key support zone locked at 55.5-56.0
- 4-hour chart: Key resistance zone focus at 58.0-58.5
Short-term precise strategies:
1. Long position setup: suggest entering around 56.0 for the first time; if the market pulls back to 55.5, add to the position accordingly, with a 6-point stop-loss, targeting the 57.0-57.5 range;
2. Short position strategy: no fixed entry points provided at this time; only suggest short-term short opportunities when clear resistance signals appear in the market, and do not recommend early positioning.