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Analysis: #NYSE $BP

Case 167 #BP P.L.C.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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#BP 1/4
Chart 1: Extremely bearish with major #resistance at 48.50, 53.30 and 62.75 with #support 27.00, 21.15 and 18.10. A weekly close below 35.10 will target 33.90 and eventually 32.20/00. A #confluence of .....

BP 2/4
..... resistance seen by the #SMA 200 on the weekly and daily at 38.73 and 38.75 respectively.

BP 3/4
Chart 2
Daily Chart: Immediate resistance at 36.73 - daily SMA 20 and #trendline.

The #Strategy is printed on the image.

$BP 4/4
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