Group 1 - The core viewpoint of the article indicates that the crude oil market is currently experiencing a stalemate between bullish and bearish forces, with underlying fundamentals leaning towards a bearish outlook in the medium term [1] Group 2 - Demand is expected to decline after the peak season, while the increase in production by OPEC+ is creating supply pressure, contributing to a bearish fundamental outlook [1] - Domestic seasonal demand is slowing down earlier than overseas markets, causing SC crude oil to underperform compared to international benchmarks [1] - Technical analysis shows that the daily level of crude oil is in a medium-term downtrend, while the hourly level indicates a short-term consolidation structure [1] Group 3 - The article suggests that the market is currently in a state of daily fluctuations, with an unclear structure at the hourly level and a downward trend observed in the 15-minute cycle [1] - A resistance level is identified at the 488 line for the 15-minute timeframe, with a recommendation to hold short positions with a stop-loss reference at this level [1]