宝城期货原油早报-20260119

Report Industry Investment Rating - Not provided in the content Core View - The crude oil futures price is expected to run strongly, with short - term and medium - term trends being volatile and the intraday trend being strong. The core logic is that geopolitical risks still exist, and the geopolitical risks in the Middle East have intensified again due to the US's actions. Although the risks have weakened temporarily, the US - Iran conflict remains the main focus, and the domestic crude oil futures price is expected to maintain a strong pattern on Monday [1][5] Summary by Related Catalog Price and Trend - The short - term trend of crude oil 2603 is volatile, the medium - term trend is volatile, and the intraday trend is strong, with a reference view of strong operation [1] - The intraday view of crude oil (SC) is strong, and the medium - term view is volatile, with a reference view of strong operation [5] Driving Logic - Geopolitical risks still exist, which makes the crude oil market volatile and strong. Recently, US President Trump has frequently released geopolitical risk signals, and the geopolitical risks in the Middle East have intensified again. Although the risks have weakened temporarily, the US - Iran conflict remains the main focus. The domestic crude oil futures price maintained a volatile rebound trend on the night of last Friday and is expected to maintain a strong pattern on Monday [1][5]