BP PLC (LSE:BP.) Trading around 514 at time of writing and potentially happy

#Gold #Nasdaq Our favourite oil company has a share price with what looks like a promising future, probably due to the Middle East, a large dollop of irony. Deep within BP’s DNA is its associating with Iran, dating quite literally back to the first major discovery of oil within the country. In the decades since, the company was deeply embedded within the country and the point in history now reached can be blamed on the British Government protecting the companies interests, conspiring with the US to return royalty to governance of the country. The Ayatollah revolution against the ‘Shah of Iran’ regime rather neatly brings us to this point in history, where removal of the current Iranian regime should bring a boost to BP’s profits, due to boosted oil prices. Almost the definition of a “win, win” situation, BP not caring about the result, simply luxuriating in the price uncertainty of market disruption.

Obviously, our Pound Shop declaration of the history of BP in the area should count for nothing, while the company is active in 61 countries, the core reason for a boost in share prices remains with the potentials of a boost in oil prices. This being the case, it appears the market anticipates chaos in the Middle East lasting for a while, current share movements looking capable of more than a quick buck!

From an immediate perspective, share price movements above just 516p should next trigger a rise toward an initial 536p with our longer term secondary, if bettered, at a confident sounding 569p, challenging the high of 2023 and probably provoking some hesitation. This would at least provide a nice synergy with the gains experienced during the Ukraine invasion.

Alternately, the share needs below 465p to provoke trouble, calculating with the potential of reversal to an initial 447 with our secondary, if broken, at 425p and a potential bottom. For now, BP looks quite interesting and we’re surprised to get through an analysis without telling another anecdote about our own personal BP years and the silent Cold War against BP corporate.

On the bright side, we’re only a couple of days away from the 2nd worst Grand Prix of the year, the effort from China which invariably drags behind Monaco for its boredom levels. But on the plus side, race snacks based on Chinese cuisine are always the best of the year.

FUTURES


FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:44:27PM BRENT 9233.3
10:47:12PM GOLD 5149.1 5130 5117 5077 5184 5211 5224 5238 5171
11:02:36PM FTSE 10260
11:05:46PM STOX50 5746.2
11:16:57PM GERMANY 23428.5
11:53:27PM US500 6717.8 ‘cess
10:59:26PM DOW 46968 ‘cess
11:02:04PM NASDAQ 24768 24710 24627 24440 24839 24981 25057 25156 24794 ‘cess
11:05:00PM JAPAN 54477 53813 53606 52900 54427 54925 55472 56029 54650

 

11/03/2026 FTSE Closed at 10353 points. Change of -0.57%. Total value traded through LSE was: £ 10,282,615,552 a change of -7.67%
10/03/2026 FTSE Closed at 10412 points. Change of 1.59%. Total value traded through LSE was: £ 11,136,252,085 a change of 18.42%
9/03/2026 FTSE Closed at 10249 points. Change of -0.34%. Total value traded through LSE was: £ 9,404,375,895 a change of 9.05%
6/03/2026 FTSE Closed at 10284 points. Change of -1.24%. Total value traded through LSE was: £ 8,624,236,280 a change of -0.81%
5/03/2026 FTSE Closed at 10413 points. Change of -1.46%. Total value traded through LSE was: £ 8,694,948,171 a change of 1.74%
4/03/2026 FTSE Closed at 10567 points. Change of 0.79%. Total value traded through LSE was: £ 8,546,557,826 a change of -22.7%
3/03/2026 FTSE Closed at 10484 points. Change of -2.75%. Total value traded through LSE was: £ 11,057,042,576 a change of 13.19%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…


Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:BBY BALFOUR BEATTY** **LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:IPF International Personal Finance** **LSE:ITRK Intertek** **LSE:TERN Tern Plc** **

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Updated charts published on : BALFOUR BEATTY, Diageo, ECO (Atlantic) O & G, International Personal Finance, Intertek, Tern Plc,


LSE:BBY BALFOUR BEATTY. Close Mid-Price: 764.5 Percentage Change: + 8.90% Day High: 794 Day Low: 739

Further movement against BALFOUR BEATTY ABOVE 794 should improve accelera ……..

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LSE:DGE Diageo Close Mid-Price: 1492 Percentage Change: -2.36% Day High: 1527 Day Low: 1489

Weakness on Diageo below 1489 will invariably lead to 1467p with secondar ……..

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LSE:ECO ECO (Atlantic) O & G. Close Mid-Price: 53.8 Percentage Change: + 10.93% Day High: 62 Day Low: 53

Target met. In the event of ECO (Atlantic) O & G enjoying further trades ……..

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LSE:IPF International Personal Finance. Close Mid-Price: 254.5 Percentage Change: + 2.41% Day High: 257.5 Day Low: 246

All International Personal Finance needs are mid-price trades ABOVE 257.5 ……..

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LSE:ITRK Intertek Close Mid-Price: 3862 Percentage Change: -0.62% Day High: 3888 Day Low: 3814

Target met. Weakness on Intertek below 3814 will invariably lead to 3625p ……..

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LSE:TERN Tern Plc. Close Mid-Price: 0.55 Percentage Change: + 22.22% Day High: 0.55 Day Low: 0.45

Target met. All Tern Plc needs are mid-price trades ABOVE 0.55 to improve ……..

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