Bp Share Discussion Threads

[bracke] 06/1/2021 11:11

Good day Irish

The share price dealt with possible resistance at 277 with a gap over it and is now being resisted at the 10th Dec high. If it can break through and hold the next resistance zone is at 312.

You need to consider what type of gap today's is.

[f0rl0rn] 06/1/2021 11:11

This morning gap 272.2, January 5th gap 254.6 and 16th November gap 236.9.

[scemer] 06/1/2021 11:11

Remember the Saudis said you would be foolish to bet against them!

[invisage] 06/1/2021 11:02

£2.90 BP so £3 BP end of the week doesn't look unrealistic.......

[irish luck] 06/1/2021 11:00

fOrlOrn

Can I ask what gap values you have please.

Added one more short at 289.60 ave 286.8

[invisage] 06/1/2021 10:49

Oil climbs five percent on Saudi voluntary oil production cut
Saudi Arabia will make additional, voluntary oil production cuts of one million barrels per day in February and March as part of a wider OPEC+ deal to hold output steady.

[invisage] 06/1/2021 10:46

Demand destruction?

Na - What the market realizes is even if demand drops short term due to lockdowns OPEC has the Oil markets back and likely to support prices.

That was the game changer from yesterdays reports from OPEC. The Fund managers picking up stock as a result.

Read the OPEC reports the detail is all there, do your research properly and have your own conviction.

Don't make sudden reactions / trades due to prices.

[plastow] 06/1/2021 10:45

Just go long and hold take the divi on the way

[irish luck] 06/1/2021 10:40

Early days yet for the position to work out. They have to fill 272.5

[f0rl0rn] 06/1/2021 10:39

Upper 285.6 gap closed, three lower gaps to be filled

[tahmina1] 06/1/2021 10:37

Looks frothy - sold 60k worth. I think demand destruction will bring this down in the short term

[trikytree] 06/1/2021 10:36

Slinky, hows your mate in the city today? 😂 Banter aside, he clearly called it wrong this time but interested to hear his latest. Don’t wait too long to get back in here.

[trikytree] 06/1/2021 10:33

Hahahahaha Irish muppet. That gap between your ears costing you dear today 😂

[skinny] 06/1/2021 10:30

No excuses for posting this again - its not often lately that its looked quite so positive!

[invisage] 06/1/2021 10:21

Yep - BP Broke 200 Moving average..... the real buying should start now people can see the long term trend is up.

We should close above it too..

[tell sid] 06/1/2021 10:06

Pushing upwards nicely a few percent at a time but steady.

[philanderer] 06/1/2021 10:03

Saudi Arabia will unilaterally cut its crude oil production by a million barrels a day during February and March, in an OPEC+ deal that allows Russia to increase output.

The concession late Tuesday was hailed as a ``new year gift'' to oil markets by Russia's deputy prime minister and sent Brent futures almost 5% higher by day-end. European energy shares outperformed all other sectors and rose the most since late November.

The same evening, A Saudi-led bloc of Arab states agreed to restore ties with Qatar, following a sustained U.S. push for the region to unite against Iran. As part of the reconciliation, Saudi airspace and borders have been reopened to Qatar.


Bloomberg

[irish luck] 06/1/2021 09:58

No short again 284 no stop this time let it run

[irish luck] 06/1/2021 09:55

Stopped out.

[invisage] 06/1/2021 09:54

£2.8534

Guess you got stopped out Irish. Easier to just be long and sit tight.....

FTSE + Oil is surging why would you short into this? Best to get out the way or even better join the party!

[invisage] 06/1/2021 09:11

The DOW / Nasdaq futures down but FTSE well up.

That is money rotation happening post Brexit......Oils and Banks leading the charge.

[irish luck] 06/1/2021 09:03

Stop loss at break even now, free trade, cant loose

Apart from the 272 gap there's the 254 gap so see how it runs, if go`s well will take 50% at 272 and let the other half run with stop at 274

[invisage] 06/1/2021 08:59

What is your stop loss on your short Irish?

[imastu pidgitaswell] 06/1/2021 08:58

I see it - and am probably hoping for it. Not sure though, with oil prices moving as they are.