TradingView
RajDhall
Jan 24, 2017 2:18 PM

Shell vs. BP Long

Description

Both of these companies are in a bull trend and looking to test the most recent value area. If the OPEC deal stays in tact, we may see a move higher to test the highs or maybe even move to a new distribution higher up. One thing you may notice is the difference in the retracement phase between the two. BP's correction seems to be much deeper and the next support level for the two companies now seems at equal distance apart.
More