BP

The price fells to the previous upper trend side. Probable short term rebound targeting $40. The volume lost in $44,60 may become a secorndary goal to reach.

In weekly chart we see more clearly the trend.

In the wider monthly perspective we see the close the price is to the relevant floor in $ 33/36 area. We can expect the price to further diminish to that floor before seeing consistent trend changes. RSI and stochastic oversold favouring a sustained upwards movement in the future, yet not still.

Lifevest.