Britain – BP keeps rising – Analysis – 24-4-2019

The effect of the bullish channel effect remains active on the BP price, to reach 583.00, to move away from the bullish channel’s support at 564.00, the stability of the initial support at 564.00 supports the continuation of the positivity, besides providing positive momentum by stochastic stability within the overbought level.

And that confirms the price readiness to resume the bullish attack, to expect reaching to 587.00 level, which forms the initial target for the current trading, and surpassing this barrier might extend the trading in the upcoming period to 600.00.

The expected trading range for today is between 580.00 and 587.00

The expected trend for today: Bullish