Buy crude oil around 71.50, with a target of 72.90-75.00

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Buy crude oil around 71.50, with a target of 72.90-75.00Brent Last Day Financial FuturesNYMEX_DL:BZ1!RuijinCatCrude Oil Market Analysis: Fundamentals directly drove crude oil to rebound to around 72.70, with a large bullish candle on the daily chart, indicating a market rebound. Currently, it's not entirely clear whether this is a rebound or a reversal. The bullish daily candle is due to fundamental factors, and the sustainability of these factors is uncertain. What is certain is that tensions in the Strait of Hormuz have escalated again, making further short-term declines in crude oil unlikely. Consider selling crude oil at 71.50 today. Fundamental Analysis: The US Central Command recently issued a statement and video announcing a new round of offensive strikes against Iran, using precision-guided munitions to hit more than 80 targets, as a "direct response to Iran's recent attacks on merchant ships sailing in the Strait of Hormuz." The Iranian military vowed a "devastating response" to the US military. Trading Recommendation: Buy crude oil around 71.50, with a target of 72.90-75.00.