On Wednesday (May 21), in early Asian trading, affected by the concerns about the geopolitical situation in the Middle East, international oil prices once jumped 3%, and now fell slightly, with Brent crude oil trading around $66.40 per barrel. Geopolitical tensions and lower US inventories are the main factors supporting the rise in oil prices. According to data from the American Petroleum Institute (API), in the week of May 16, US API crude oil inventories increased by 2.499 million barrels and gasoline inventories decreased by 3.238 million barrels.

In addition, according to CNN, several US officials said that the United States has obtained new intelligence indicating that Israel is preparing to attack Iran's nuclear facilities. If Israel launches a strike, it may trigger a full-scale outbreak of the Middle East war, and geopolitical tensions will continue to support oil prices.

Yesterday, oil prices stabilized at the 61.5 mark in volatile trading and ushered in bullish volatility and upward movement. Today, the Asian session opened and accelerated to break through the 64 mark and continued to rise to around 64.1, showing a bullish strong volatility. In the short term, oil prices ushered in a bullish volatility and upward movement as expected. The daily level pierced the 64 mark in today's Asian session and showed a bullish attack pattern. Today, the short-term support below focuses on the 62 mark. The intraday retracement relies on this position to continue to be bullish and bullish. The short-term bullish strong dividing line is the 60 integer mark. The daily level stabilizes above this position and continues to retrace the low-multiple rhythm.

In summary, today's crude oil operation recommends 63.8 shorts, 64.3 shorts, 6 points of loss, and 62.5-61.5; 2. It is recommended to go long at 61.3, 60.8 longs, 6 points of loss, and 62-62.5.

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.