theforexportal
Long

BUY OIL!!!!! The technicals demand it.

OANDA:BCOUSD   Brent Crude Oil
With the USA gradually lifting restrictions on Covid-19, the wheels of industry will soon be turning again. And what greases those wheels? Yes - OIL.
A glance at the Monthly chart on BCOUSD shows a very pleasing end of month long-legged doji - a sure sign of indecision. Add to this the bounce off the WPP mid-pivot and everything says BUY!!!!!.
I'm in at 23.82 with a STOP at 22.24 and a provisional take profit at 26.52. Looks a winner to me.

https://www.mql5.com/en/charts/11793568/...

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