BP Plc (BP.) Close To Key Support Level

17 Feb 2020

BP is steadily going down.
the market is coiling within a falling parallel channel and it looks like 440 level will be reached soon.

analyzing the structure on the left we can see how important this level is for the market participants.
for this reason, we can expect with you a bullish reaction from this level.

our initial target will be the resistance of the rising channel
and our second target will be extended to 486 level.

good luck!

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