๐ŸŒ 4.28 Crude Oil | Geopolitical drivers dominate, high-level bullish pattern


Current: WTI 95โ€“97 range bullish, Brent steady above 108, domestic SC also strengthens in tandem.
๐Ÿ”ฅ Core drivers (supply-side dominance)
โ€ข Middle East geopolitical situation continues to ferment: US-Iran negotiations deadlock, Strait of Hormuz navigation extremely low, shipping supply gap large;
โ€ข Plus disruptions to Russian export facilities, OPEC+ production cuts, inventory depletion, spot market tight;
โ€ข Demand side has resilient essential demand, no strong negative factors yet, tight supply and demand support high levels.
๐Ÿ“Š Key technical levels
โ€ข WTI: support 95, 92; resistance 98, 100
โ€ข Brent: support 105; resistance 110
โ€ข Structure: high-level consolidation, bullish trend not broken, geopolitical premium continues to be in play.
๐Ÿ“Œ Conclusion & Focus
Short-term bullish at high levels, oscillating net-long, mainly watch geopolitical situation, strait navigation, inventory data; if situation does not ease, it is easy to maintain strong momentum, sudden changes may trigger dramatic volatility.
โš ๏ธ The above is market analysis, not investment advice.
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