RajDhall

Looking for a move back into value

Long
LSE:BP.   BP PLC $0.25
I believe we could see a move back into value or even higher if the oil price rises after the 22nd Sept OPEC meeting.

We are currently seeing bullish signs and volume is in favor of this move.

I have highlighted what I believe is a floor and ceiling level of the current consolidation level.

The first target would be at the price label and then the top of the consolidation area
Comment: As previously stated I hope people looked at this trade as it would have been fruitful. Now I am expecting some consolidation and then a move back to the highs over some time
Kind regards

Rajan Dhall MSTA
fxdaily.co.uk

Comments

Update - This one went as planned as the oil price rose.

We may see some consolidation at the psychological levels.
Reply
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