Dawn - Crude Oil Market Outlook: Geopolitical Turmoil Resurges, Bulls Poised to Launch

Core Viewpoint
Geopolitical risks continue to ferment, providing strong support for oil prices. The technical bullish pattern remains solid, with short-term pullbacks merely building up strength, and the outlook remains bullish.
Fundamental Analysis
Recently, tensions in the Middle East have escalated, threatening shipping safety through the Strait of Hormuz, directly increasing the risk of oil supply disruptions. Against the backdrop of already tight global energy supply and demand, geopolitical uncertainties have become the most solid "bottom support" for oil prices. As long as the situation remains unresolved, deep price declines are unlikely.
Technical Analysis
From the chart perspective, after stabilizing at low levels, oil prices have continued to rise with increased volume. Both daily and 4-hour moving averages are aligned bullishly, with strong upward momentum. The current short-term correction is a healthy technical pause, with strong buying support below, not a trend reversal signal. Adequate consolidation will build stronger momentum for subsequent upward movement.
Trading Strategy
Idea: Buy on dips, seize entry opportunities during pullbacks.
Entry Range: 102.0 - 103.0, staggered long positions within this range.
Target Levels: Look towards 106.5 - 110.5.