RE: Monday opening price!!7 Jun 2020 17:29
Hi Mark, you generally find the profit takers close their positions on a Friday, a lot of bad news can happen over a weekend. There was some big sells of BP stock on Friday afternoon as there was a risk holding this stock over the weekend all be it a small one. Towards the latter end of Friday the OPEC deal was priced in but IMO what kicked the SP was the jobs report on Friday. There is now positive sentiment, demand is coming back, a positive Crude price tonight and she will pop! As I have stated, if Crude is the same price a sober opening with a bit of Monday Morning bias. I agree with Bigbadbaz this share will retrace, but not in the next few days and never back down to 300p.