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BP p.l.c.
Short

Crude Oil Slides along with BP

33
As crude slides due to production news, it stands to reason that oil and energy companies will fall with it. BP is no exception. Although the Ichimoku cloud indicates some resistance from below, it appears as if this asset has enough momentum to break through. Note the downturn in MACD/RSI and OBV. There is also a relative vacuum area from below, aside for a Fibonacci level and some levels set by gaps.
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FibonacciFibonacci RetracementFundamental AnalysisIchimoku CloudlevelsMoving Average Convergence / Divergence (MACD)quantquantfinancequanttradingRelative Strength Index (RSI)supportSupport and Resistancetechnicaltechnical_analysistechnicalsWedge

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FibonacciFibonacci RetracementFundamental AnalysisIchimoku CloudlevelsMoving Average Convergence / Divergence (MACD)quantquantfinancequanttradingRelative Strength Index (RSI)supportSupport and Resistancetechnicaltechnical_analysistechnicalsWedge
quantguy
Join my discord at discord.io/quantguy
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.