Bp Share Discussion Threads

[pander45] 06/1/2021 17:03

Imagine the outcome of supply construction versus an insatiable demand for oil as countries emerge from lockdowns. The whole world will want a holiday for a start. Product - boom.

[f0rl0rn] 06/1/2021 16:06

Just had a better look at bp chart and notice another gap from 9th of November 199.7. Wonder what have to happen to fill that one

[skinny] 06/1/2021 15:34

DOW looking to break out of its trading channel?

[counterpartymw] 06/1/2021 15:32

shorting the stock at a 20 year low with oil prices rising, for a target gain of 15p per share doesn't sound like a high probability, long term profitable trading strategy to me. Good luck to you

[irish luck] 06/1/2021 15:02

Another short 286.75 ave 288.175

[irish luck] 06/1/2021 14:40

Closed my 284 position at break even, running with the 289.60 short

[smurfy2001] 06/1/2021 14:30

Another 6% gain on my position 👌

[f0rl0rn] 06/1/2021 13:24

Definitely not breakaway, with all lockdowns coming in, opec supposed to cut production levels. Market excited opec didn't increased production, as per December plan. Wait till that dust settles.

[bracke] 06/1/2021 12:27

Good day optomistic

If not breakaway then continuation/runaway would do as well. It will likely require a slug of volume to move it up from 287 and hold it up. Maybe the US will provide buyers.

[optomistic] 06/1/2021 12:09

double posting

[optomistic] 06/1/2021 12:08

G'day Bracke

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

Possible it could be a breakaway gap...fingers crossed :-)

[enormouswillie] 06/1/2021 12:07

I'm interested in his sister!

[irish luck] 06/1/2021 11:58

forlorn

Thank you.

[f0rl0rn] 06/1/2021 11:21

https://twitter.com/jonslinn/status/1346771593985462272?s=21

[invisage] 06/1/2021 11:14

Expecting a move up £3 this week then we consolidate the gains with results to come 2nd Feb when we breakout again imo dyor

[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