US crude oil: Fluctuating upward, buy on dips

(1) Analysis: Trump ruled out immediate military action against Iran, leading to a partial retreat of the sentiment-driven premium after crude oil prices surged over 4% in the previous session. However, the market remains concerned that after this week's Israeli elections and next week's US midterm elections, strikes against Iran may resume, so risk premiums persist. Technically, prices are approaching previous highs, and there is some divergence, but the upward trend structure remains intact. Priority is given to waiting for a pullback confirmation. (2) Key focus: geopolitical situation, inventory data, US Dollar Index (3) Resistance: 101.60, 102.50, 103.00 (4) Support: 100.00, 99.00, 98.00