During the Asian session on Friday (July 18), U.S. crude oil traded around $66.24/barrel. U.S. oil rebounded after approaching the $65/barrel mark on Wednesday as drones attacked Iraqi Kurdistan oil fields for the fourth consecutive day, indicating that risks in the turbulent region continue to exist. Oil production in the semi-autonomous Kurdistan region has fallen by 140,000-150,000 barrels/day, more than half of the region's normal production (about 280,000 barrels/day).

Trump said that he would soon send tariff letters to some small countries and hinted that a deal could be reached with the European Union. Bitop analysts expect oil prices to remain volatile in the short term due to uncertainty about the final size of U.S. tariffs and their impact on global growth.

The daily level of crude oil maintains a steady upward shock pattern. The current price is running above the 20-day and 50-day moving averages, showing a clear long arrangement structure. The RSI indicator remained above 60, with no overbought signal. The momentum indicator MACD also maintained a red column with large volume, indicating that the buying momentum continued to increase. If WTI can effectively break through the key resistance level of $67, it is expected to further challenge the previous high of $69; the lower support is at $65, which may trigger a short-term correction once it is lost. In summary, today's crude oil operation suggestion: short at 67.7, short at 68.2, stop loss 6 points, target 66.5-6.

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.