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HotForex

BP Testing Resistance, Potential Reversal!

Short
BP p.l.c. (NYSE:BP)  
HotForex  
NYSE:BP   BP p.l.c.
Trend Analysis Harmonic Patterns Chart Patterns BP shares USD
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trendanalysis harmonicpatterns chartpattern bp shares usd
BP is testing its resistance at 38.62 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 36.99 (horizontal swing low support).
Ichimoku cloud shows signs of bearish pressure that contributes to our bearish bias.
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