quantguy
Short

Crude Oil Slides along with BP

NYSE:BP   BP PLC
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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