Bp Share Discussion Threads

[jak1] 13/12/2013 15:08

It's all charts nowadays, fundamentals with shares went out the window the day the Fed started running the market. Been like it for a few years now...

[richvandam] 13/12/2013 08:42

charts look like its on a downward trend......one the sidelines for now....watching and waiting

[bracke] 12/12/2013 18:15

mb

Nothing guarantees what will happen to an share price but charts can assist with the analysis, as can fundamentals.

For me it's charts, for others it's fundamentals. Each to their own.

[mbthedude] 12/12/2013 18:11

Charts show what has happened in the past and are no gaurantee of what will happen in the future.

Just saying like

[bracke] 12/12/2013 17:29

hellscream

My apologies. 350 is a 'typo' it should be 438 (don't know where 350 came from, I hope it wasn't a premonition !!).

I trust I didn't give anyone a heart attack with 350.

Viewing the chart at the close shows it dropped below the trendline, attempted to move back above it but so far support has turned to resistance and it has closed below the line.

It is resting at 470 which has provided intraday support previously. A slug of 'Santa Rally' would be helpful.

In my post earlier today I neglected to mention there is a gap at 451.

So given 451, 455, 458 as possible support it would be disappointing for anything lower.

[hellscream] 12/12/2013 16:55

i think your looking at the charts too much bracke, 350 is way too cheap.. you would need another oil leak to get down there.

[bracke] 12/12/2013 12:16

I hope you all enjoyed that brief visit back up to 480 because the runes are suggesting it may be falling a little further.

Viewing the Daily chart shows the share price back down to an ascending trendline. It either makes another effort to rise or gives in and falls below the support.

A fall below the support would very probably be down to the Daily SMA 200 at 458.
The Weekly SMA 200 is at 455 so hopefully these two zones will arrest further fall.

If the two zones failed to support then mid 350s' and if that fails then 420.

EDIT

350 IS A 'TYPO'. IT SHOULD BE 438.

[miata] 07/12/2013 10:57

Claims Administrator Patrick Juneau told the Wall Street Journal the escort service claim was carefully studied and deemed valid!

[steve73] 07/12/2013 09:38

perhaps the claim is genuine... loss of business from BP themselves, as they cut back on entertaining... or did that only happen in Russia?

[7monkey] 07/12/2013 09:23

Perhaps BP has a point: The court-appointed lawyer supervising the damage claims following the 2010 Gulf of Mexico oil spill disaster confirms he approved a $173K payout to an "adult escort service" BP said was filed with unsigned and undated financial documents.
A new BP ad appearing in several national newspapers proclaims: "The IRS wouldn't accept this claim. But the Gulf Settlement Program did."
At least for now, BP doesn't need to worry about such payments, as Judge Barbier has temporarily suspended settlement payments to businesses while he reconsiders BP's arguments against compensating those that cannot trace losses directly to the spill.

[bracke] 05/12/2013 14:14

Oh Yes I can see it now.

Mrs P - 'Mr P I need a rest and a change, I barely see you. You are always with the monkey or the hound (she should be so lucky). I want to go to a luxury hotel in a warm and sunny place and be waited on hand and foot'.

Mr P - 'Yes dear I suppose I could tolerate some of that as well. I will make the sacrifice but you know how much I dislike luxury, warmth and being waited on hand and foot'.

[optomistic] 05/12/2013 13:45

...I bet it's Mrs Penycae that demands the rest Bracke, she must have a lonely life whilst he's out walking the dog and then 'watching' the monkey.

[bracke] 05/12/2013 13:25

"Have a good rest"
=================

He does little more !

He's got a furry financial advisor making him money hand over fist. His major activity is taking the hound 'walkies' which he is unable to do without passing the 'sarnie wagon'.

And now after all that 'exertion' he has to take a rest !!

[optomistic] 05/12/2013 13:16

Good afternoon Peny
Have a good rest...I do hope you have let the bacon sarnie man know you are away, he will have to adjust his buying order substantially.

[penycae] 05/12/2013 13:06

Afternoon all.
The monkey was right on the money. Not time to go long yet. Away for a break now. Hope to come back to the Santa Rally, and BP a lot nearer five quid. They can do it if they want to.....

Trade well and prosper earthlings.

[bracke] 04/12/2013 10:54

stevetk

Best not give up the day job in favour of forecasting !




The share price has dropped to an ascending trendline on my chart which has previously provided support and may do so again. Unfortunately the Weekly chart suggests otherwise. It is on track to fill 'the gap'.

[stevetk] 03/12/2013 19:34

It may be a good day tomorrow.

[gateside] 03/12/2013 18:22

Alas after years of underperformance BP are only the UK's 4th largest company these days!

[7monkey] 03/12/2013 14:28

Rosneft says it will sell up to 1.8M metric tons of ultra low-sulphur diesel to BP from the Baltic Sea port of Primorsk for up to $1.9B (£1.1B) plus 400K metric tons of crude oil from the Pacific port of Kozmino to BP Singapore for up to $345M.

[7monkey] 03/12/2013 14:28

Rosneft says it will sell up to 1.8M metric tons of ultra low-sulphur diesel to BP from the Baltic Sea port of Primorsk for up to $1.9B (£1.1B) plus 400K metric tons of crude oil from the Pacific port of Kozmino to BP Singapore for up to $345M.

[hellscream] 03/12/2013 14:13

Yep Miata, america rigging the exchange market by printing more toilet paper, just to stay competitive with asia on exports. no such thing as free markets anymore.

[miata] 03/12/2013 13:59

Exchange rates still THE factor: