Intraday Technical Analysis Of BP

By AAATrade of AAATrade.com

Tuesday, February 7, 2023 6:00 AM EST

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Today’s instrument is the BP ADR stock traded in the NYSE stock exchange under the ticker BP.

Looking at BP’s chart, we can see that it is currently traded at $34.84.

Today, it is announcing its quarterly earnings and if the market’s anticipation is positive then we should see the price testing the resistance level at around $36.30, and if it manages to pass it, then it could approach the level of $36.80.

On the other hand, it could break down from its support level which is located at around $34.50.

(Click on image to enlarge)

AAATrade's Intraday Technical Analysis of BP p.l.c. - 07/02/2023

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