4.30 Crude Oil Market Analysis - Jin Xinxin's Viewpoint

The geopolitical game in the Middle East has reignited, and market risk aversion sentiment has rapidly increased. Parties involved hold firm stances on key issues, refusing to make concessions, leading to a stalemate in communication, with little sign of easing in the short term.

Against this backdrop, concerns over global energy supply have intensified, directly triggering a surge in commodity markets, with international crude oil prices rising sharply. As of now, Brent crude oil has surged over 6%, stabilizing above the $124 mark; U.S. light crude oil's main continuous increase has also exceeded 5%, showing a very strong trend.

Currently, Middle East geopolitical risks continue to ferment, and uncertainties in energy transportation routes are high, with market expectations of tightening supply being strong. Overall, the short-term bullish trend in oil prices has been established, with limited room for pullback, and future movements will continue to focus on geopolitical developments and supply-side changes.

Trading Suggestions:
The overall bullish trend for crude oil is clear. Preferably buy on dips around 110.8-111.8, with short-term targets of 114.5-116. If the trend remains strong, higher levels can be targeted.