Trading position (short-term; our opinion): Short positions with a stop-loss order at $45.32 and profit-take order at $35.72 are justified from the risk/reward perspective. On Tuesday, crude oil gained 4.15% after China's central bank cut interest rates. Thanks to this news, light crude reversed and invalidated Monday’s breakdown under the support line. Despite this move, the commodity still remains under the barrier of $40. Will it stop further improvement in the coming days? Yesterday, crude oil moved higher after the market’s open supported by news that the People’s Bank of China cut interest rates by 25 basis ... (full story)