This week, international crude oil experienced a sharp rise and then a pullback. Early in the week, geopolitical tensions pushed prices to their highest levels in recent years; on Friday, news of Iran nuclear talks eased supply concerns, leading to a significant correction in oil prices.

On the technical side, the daily chart of U.S. crude oil shows a long upper shadow and a large bearish candle, indicating a clear short-term top signal; the MACD has turned upward above the zero line, but bullish momentum is waning. The 4-hour chart shows prices fluctuating around moving averages, with a short-term oscillating rhythm; RSI is in the mid-to-high range, and the battle between bulls and bears continues.

It is expected to continue trading within the range for the day. Resistance levels are at $104.6 and $106.2, while support levels are at $101.0 and $98.7.

Operational suggestions: buy on dips around $101 ± 3, sell on rebounds around $104.2 ± 3, with stop-losses at 1.5 points each, targeting 2.5 points per barrel.