Here's the chart from March 2010
and here is the one as of today...we are still in that large formation
A break through that red dashed line and all hell breaks loose , until then looks like we are still in that range 5600-6300 approx
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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Look back over the past, with its changing empires that rose and fell, and you can foresee the future too.
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Wednesday, June 30, 2010
BP
Will BP go bust?
Looking at the daily weekly and monthly charts..only the daily is showing some signs of a bottom (some positive divergence). Would be good to see it on the weekly and monthly as well..one to keep an eye on. Doubt it will go bust too many vested interests.. (40% of it's shareholders are based in the US, BP probably a large part of most pension funds, UK government will miss it's revenues...just a few)
Looking at the daily weekly and monthly charts..only the daily is showing some signs of a bottom (some positive divergence). Would be good to see it on the weekly and monthly as well..one to keep an eye on. Doubt it will go bust too many vested interests.. (40% of it's shareholders are based in the US, BP probably a large part of most pension funds, UK government will miss it's revenues...just a few)
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