BP - going back to the lows?

screencast.com/t/vQqLbJ2aHSw

This closed on horizontal support and the 61fib. Just below that is the oblique support at 415 and the gap support at 412.4. Quite a barrier. I fancy a bounce, then a retest.

Theres a gap support just below that low area at 412.4. If BP finishes below this level then it would open up the 370ish area.The main trend line is there currently.
This sideways move has been really messy and its hard to define a range with accuracy.

Id go long on that first attempt of gap support and place the stops real tight of maybe less than 5 points.

DYOR
remo

Looking at the candles, on the 15th it seems the big boys were trying to exit at a good price hence why the volume of the candle was about 48.5m.

Yesterday's candle broke the trading range and it seems like its going back to the 350s?

Any thoughts?

dl.dropbox.com/u/4385922/BP%201611.png