WTI crude oil traded around $63.77 per barrel in Asian trading on Thursday (September 11th). Oil prices closed higher on Wednesday, as investors worried about potential supply disruptions after Poland shot down a drone in its airspace and the US pushed for new sanctions on Russian oil buyers. However, reports of rising US inventories capped gains.

During a meeting with EU officials, Trump suggested that if EU countries cooperated, the US might consider imposing new tariffs on major Russian oil buyers, including Asian countries and India. This move was interpreted by the market as a new pressure tactic, but the US has only taken action against India, and uncertainty about policy implementation has increased market volatility.

On the daily chart, US crude oil prices are finding temporary support near the $60 mark and facing significant resistance in the $64 area. A break above this level could lead to further gains to the $66-$67 range; conversely, a decline below $62 could retest the $60 support level. The overall trend remains in a consolidation range, lacking a unilateral trend.

Overall, the recommended trading strategy for crude oil today is: short at 64.5, stop loss at 65.40, target at 63.00.

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.