Crude oil - Trade with +18,5% profit potential [English]

The correction phase led crude to $ 62.25. The 200-day line could so far act as support in correction phases. Currently, the contract is traded for 3 days below this important line. If it remains below it, a more extended correction must be assumed. In this case, i do not recommend a long position.

If Crude would conquer the 200-day line again, this can be interpreted as a bear trap. In that case, this could be an interesting long entry.

As it's moving above that area now, you can look for buys into $ 85,24. Stops should be around $ 64,60.

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