Could BP ADR (BP Stock) reach the 36.80 level?
|Today’s instrument is the BP ADR stock traded in NYSE stock exchange under the ticker BP.
Looking at the 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.
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