BP - BP.L

bp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...EpzuljZuTfFoo29K5oc=

This has hit the key 438p support level(see chart below from 3 dec)
it has also gapped and broken below the Aug trend channel/triangle....

This needs to hold 438p...or its in real trouble...more down to come imvho...

atb, wdik, dyor,
trendfriend

bp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...XFXreJdLd1hDWyAsekk=

this has looked bearish for a while now....nothing to really stop this falling to the key 300p imho...during this current reversal.....
atb, wdik, dyor,
trendfriend

I had to sit on my hands, this morning, Shell at £12.50 and BP at £3.

I hope it was correct.

bp - monthly.
uk.advfn.com/p.php?pid=chartscreenshotsh...YU1mxr57n1caS2AIiPI=

Monthly very long term chart here....this has been making lower highs for some time....
Need weekly close on end of week closing basis below 298p to open possible move as low 200/220p imvho....

very strong stock....so may not go that low during this bear phase....but lets see

atb, wdik, dyor,
trendfriend

200~220 is where it went with gulf emexico issue.
Love to top up at that area for long term

bp - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...X1ueR0CwN7soOD8n4%3D

this near enough hit its target with a low of 223p....
Off course could have done a lot worse than buying near the low....but have we now missed the boat?

Maybe but at the very least this should come back from this gap resistance...to make a higher low....possibly to around the 260p area...
From there if we get a h/high....then bulls are back....but a lower low....then it should go a lot lower...

wait and watch imvho....

atb, wdik, dyor,
trendfriend