BP. (BP.) - Short Term - We look to Sell at 382.20 (stop at 404.10) A bearish Head and Shoulders is forming. An overnight negative theme in Equities has led to a lower open this morning. A break of 365.30 is needed to confirm follow through negative momentum. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
BP. (BP.) Short Term We look to Buy at 390.00 (stop at 373.30) The medium term bias remains bullish. The trend of higher lows is located at 377.50. Dips continue to attract buyers. Our overall sentiment remains bullish looking for higher levels. Our profit targets will be 455.50 and 480.00 Resistance: 396.00 / 419.35 / 456.00 Support: 377.50 / 364.10 /...
$BP looks interesting here. Could try an intraday trade with long positions on the re-test of 31.93 resistance and then capture a run to 33.78 (1.618fib ext.) on $BP or try short positions below 30.07 for a test of 28.93 4h support.
Price forecast in white This is on the weekly chart so a trade isn't to be executed this is just an analysis of the chart on a larger scale price forecast on this weekly chart is in white
BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such...
📌BP in last week bearish market, fundamentally expecting war between Rus & Uk can have here bearish impact. Currently price in CHANNEL pattern, technically expecting to see higher bearish continuation in next period. 💡 BP. technically based idea, we can see price is on SUPP zone-bouncing, CHANNEL pattern visible, technically indicators showing we can expect...
Is BP set to cash in on the Russian Gas Premium? With a ban on Russian Oil & Gas, will BP break out & reward holders with gains? Nothing real technical here folks just looking for a reversal of the recent downtrend since the invasion of Ukraine.
BP is still a macro energy play despite the weeks long sell off. For all you options traders out there looking out for a bottom in commodities markets this might be it. DISCLAIMER No bags, everything was sold two weeks ago, please look at macro & geo-political events before making ANY decisions.
BP surprise ready for 42 ? then 47 ? Expect Sky-rocket report from BP.
An almost identical technical picture to the previous (IEP). It looks like we are almost done correcting in this one, but who knows. These types of analyses can show us a way of how things may eventuate, but rarely are they 100% accurate. The market always has a mind of its own, but luckily for us, an inkling of what might happen on the market is usually enough to...
If you're bullish oil, watch BP for potential break out. Initial target between 28 and 30, then 34-35
Swing-Trade analysis (1d chart) SMMA-Analysis & Support and Resistance: - The 100er SMMA (yellow) seems to be used as a major support line since the middle of August 2021. - Golden Cross (bullish breakout pattern): We can see how the 50 SMMA (white) cut the 200 SMMA (red) in the end of October 2021. If the 100er SMMA cuts the 200er before the 8th of February...
it seems Energy stocks are ready to finish their correction and started a new rally! Keep them in your portfolio during high inflation times! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified...
oil retested the major down trend line. as long as we close the week above it, a new major uptrend will be confirmed on the long term. the release from the reserves just showed defeat for bidens green energy bs, that's why we got a pop on the news its an extremely bullish signal for oil. the population and industries are far from going green
A simple but useful chart for analyzing the opportunity cost DYOR
This article compares the performance of Oil-related stocks, which shows Occidental, ConocoPhillips, and Valero outperform others..! Higher oil prices will push prices higher in the next 3-6 months.
Continued DCA on BP. If in doubt zoom out. ** NOT TRADING ADVICE **