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Crude Oil Slides along with BP

Short
BP p.l.c. (NYSE:BP)  
quantguy  
NYSE:BP   BP p.l.c.
Moving Average Convergence / Divergence (MACD) Relative Strength Index (RSI) Fibonacci Fibonacci Retracement levels support Support and Resistance Ichimoku Cloud technicals Fundamental Analysis technical_analysis technical Wedge quanttrading quantfinance quant
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macd relativestrengthindex fibonacci fibonacciretracement levels support supportandresistance ichimokuclouds technicals fundamental technical_analysis technical wedgepattern quanttrading quantfinance quant
As crude slides due to production news, it stands to reason that oil and energy companies will fall with it. BP is no exception. Although the Ichimoku cloud indicates some resistance from below, it appears as if this asset has enough momentum to break through. Note the downturn in MACD/RSI and OBV. There is also a relative vacuum area from below, aside for a Fibonacci level and some levels set by gaps.
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