Yesterday, crude oil rebounded and successfully completed a Kongsilu pullback, pulling out 4 “Dian”!

Iran clearly refused to talk, and US-Iran relations have remained tense; the geopolitical risk in the Strait of Hormuz directly heated up. The market worries about a potential supply-side disruption risk, and risk-hedging sentiment boosts crude oil’s premium.
Earlier, expectations for easing negotiations cooled down; uncertainty around the conflict intensified, making crude oil more likely to rise than fall. In the short term, there’s a high probability of a bullish upward move.

Technically, on the 15-minute chart, after crude oil pulled back from the 87.99 high to the 85.62 low, it has already completed the pullback and confirmed it successfully! The lower Bollinger Band lower rail at 86.11 is firmly being held as support. The KDJ indicator is also turning upward in sync (K value 81.49, D value 74.97, J value 94.52). Bearish momentum has run out, and the bulls have started their counterattack.

In terms of execution, the suggestion is: go long at 82-85, target 90-95. If it breaks through, continue to look higher.