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Is BP lining up for a decline? 20 Day Moving Average Resistance shows up after dropping 0.38%
On Wednesday, September 17th, BP moved down 0.38% while volume was to 0.8× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 34.1, 33.9 & 33.69, with resistance at 34.5, 34.71 & 34.91.
Current SwingTradeBot Technical Rating of BP: B
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