Support & Resistence - BP

Thanks for the heads up Remo!

dl.dropbox.com/u/4899609/bpoct19th.jpg

supports. 441.75,440(200ma),,,429(short term trend line)427.85,,417.05,,412.4,,406(long term trend line) and 400
resistance. 456,,473.8,,484.45,,485,,499(gap),,504(gap),,512

This did hit major resistance level earlier and hence the reversal.
If this finishes above 456 in the future(ascending triangle breakout) then that would give a target of
roughly 65 points. Which would mean BP testing the recent high again. This is one to watch as looking real nice for a breakout soon

So the level to watch is 456. A finish above this and it will fly ...

its still in the range currently thou but get ready
Good level to buy would be 440ish as you have 2 levels of support.







dyor
remo

Hi Remo,

Would love to know what your thoughts are on support and resistence on BP.
From my workings Support sits around £435 and resistence £464.
Many thanks!