On Friday (April 10th) in Asian trading, US crude oil traded around $98.43 per barrel. Although the Israeli Prime Minister stated that direct negotiations with Lebanon would begin as soon as possible after the attack, Iran indicated it was prepared for all eventualities. Oil prices may retest the $100 per barrel mark. Furthermore, sources indicated that Iran had informed Pakistan, the mediator in the negotiations, that its delegation would not participate in peace talks with the United States until a ceasefire is achieved in Lebanon.

Statements from the United States further intensified market tensions. President Donald Trump criticized Iran's performance on energy transportation issues and warned that he would not rule out resuming military action if an agreement failed. This suggests a potential escalation of geopolitical conflict, and market risk premiums have risen again.

On the daily chart, US crude oil prices are approaching a key resistance zone. Current price action indicates that bulls have regained control. $100 forms a key psychological and technical resistance level; a decisive break above this level could open up further upside potential to the $103-$105 range. Support has moved up to the $95 area; a break below this level could lead to a pullback to the $92 level. Momentum indicators show significantly increased upward momentum, indicating a bullish trend.

On the short-term (4-hour) chart, crude oil prices are exhibiting a clear upward channel structure, with short-term moving averages in a bullish alignment, and prices steadily rising along the trend. Short-term support has moved up to around $97, while resistance is concentrated at the $100 level. A break above $100 would trigger technical buying; conversely, a failure to break through could lead to consolidation at higher levels.Today's strategy: Short at $102.50, stop loss at $105.20, target $100.00.

Disclaimer: The article is contributed by the market analyst from Bitop market observation team. The content is solely for personal opinions and sharing. The analysis is time-sensitive and provided for reference and discussion only. It does not constitute any investment advice. The market is risky, so investing should be done cautiously.