BP bouncing off its 25 low...the question then, is how high will it go before heading lower or back to 25?
A different view of BP on a daily. We're near the first resistance around 35, indicated by the red resistance level, and the downward sloping black fork line. Notice the last red CIRCLE on the black line..we tested and then crashed lower..I'm expecteing a test on or near this line, and then weakness before possibly getting in short. A 50% retrace puts us near the 44 resistance level, which is in line with the 3rd red line resistance point, give or take.