BP appears to be Double Bottoming above the previous All-Time-High-Resistance and is Bullishly Diverging on the RSI and MACD. If this level hold, BP has room to go all the way up to around $50 which would also align with the 1.618 Fibonacci Extension. I personally think that out of all the big Oil Companies like XOM and CVX, BP presents the better value and would...
Fuel demand in Europe has been slow while consumption in China has been strong following the lifting of pandemic restrictions. BP's shares closed lower than 9% in London trading, their largest daily drop since the pandemic panic, after it said it would repurchase stocks worth $1.75 billion over the next three months, down from $2.75 billion in the past quarter....
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 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...
Today we will look at the chart of the price movement stocks of British Petroleum , BP, British Petroleum Corp. - a corporation that for many years has been among the leaders of the oil and gas, petrochemical and coal industries on all continents.
They had an interesting history of BP stock pricing in accordance with the events in the world at that time....
If the price will cross the Support Level and fix below we can open the Sell position.
The squeezing above tells us it accumulates the power before breaking the level.
The potential profit will be 3 times bigger than the risk.
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Hi traders.
Following the turmoil with oil prices falling globally as demand for oil weakens, I am planning on purchasing shares in certain oil firms. One of these firms include BP. As oil prices are dwindling down, I would expect the earnings report released towards the end of April to be terrible news for the firm. Thus, I would ideally buy shares at low...
