5.5 Crude Oil Market Outlook by Shiyuan



OPEC+ continues to cut production, and IEA forecasts tightening supply and demand; combined with geopolitical tensions and seasonal refinery demand rebound, the logic of long-term crude oil supply tightening is clear, and market sentiment leans bullish.
The 4-hour Bollinger Bands are expanding in a trumpet shape, with strong support at the middle band, and oil prices maintain a strong rebound pattern.
Trading suggestion: go long at 110.5, add positions at 109.6, stop loss at 108.6, target the 113–115 range.
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