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(1) Analysis: The temporary easing of tensions in the Middle East has reduced supply concerns, causing oil prices to retreat from recent highs. However, transportation risks in the Strait of Hormuz have not been completely resolved, providing market support. The strong US dollar limits the rebound potential for oil prices in the short term. The market is currently focusing on inventory data and developments in geopolitical situations, with WTI crude oil expected to remain in a high-level volatile range.(2) Key focuses: Geopolitical situation, inventory data, US dollar index(3) Resistance levels: 92.00, 93.00, 95.50(4) Support levels: 90.00, 88.00, 86.00

Gold rebounds slightly but the downward trend remains, awaiting a pressure test

The entire supply chain is seeing comprehensive inventory accumulation, with subdued trading at the terminal end. Polysilicon futures have plunged more than 3%, hitting a new short-term low! Surging supply expectations are clashing head-on with weak demand—when can the market truly establish a bottom? Click to read more.