Take what you hear and read with a grain of salt, including the bear raid on BP p.l.c. As in most markets where emotion runs high, traders, but investors especially, tend to overreact to both bullish and bearish news. The downside with BP p.l.c. is justified but not endless. TimelessWealth.net breaks down the monthly chart to identify vital levels of support; suggest two practical theories on the market.
Disclosure: No position