Stock Outlook: OPEC increasing ceiling on production bad for BP, Sainsbury's weathering...

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    A myriad of stocks including BP, Tesco and Merlin Entertainments was the subject for Mike van Dulken, Head of Research for Accendo Markets, when he joined Zak Mir and Nick Batsford on the Tip TV Finance Show. BP: Van Dulken noted the breakdown potential, and continued that with OPEC increasing the ceiling for the production of oil, the outlook is bad. He added that with WTI below $45, this offers further possible downside for the stock. BLND: He outlined the nice sideways channel, and with the

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