Dubai's efforts to postpone its debt repayments, making the dollar stronger, commodities weaker ... are external to BP ...

BP Plc BP:NYSE 06/16/2010 1:24AM ET
$31.40 +$0.73 + 2.38% Vol. 165,556,977

( BP ADR Each Representing Six Ord Shs (BP) )

Chart checkup ( 10 day / 15 minute - 6/2 to 6/15/2010 )

Moving Average Price Compare ( Bullish )
Yesterday, BP closed above its 20 minute moving average. This is generally considered to be an indication of a bullish trend.

Moving Average Price Compare ( Bullish )
Yesterday, BP closed above its 5 minute moving average. This is generally considered to be an indication of a bullish trend.

Moving Average Price Compare ( Bullish )
Yesterday, BP closed above its 13 minute moving average. This is generally considered to be an indication of a bullish trend.

Bollinger Bands ( Neutral )
BP is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

Stochastics ( Bullish )
The Stochastic Oscillator is registering a strong bullish signal as the %K has crossed above the %D and the oscillator recently moved above the critical value of 20 and is no longer oversold.

On Balance Volume ( Bullish )
The On Balance Volume indicator (OBV) presently offers a bullish signal. This is because the slope of the indicator is positive and shows that there is considerable buying interest.

Price Channel ( Bullish )
BP is trading near its upper price channel band. This suggests that the stock price is high relative to the action over the last 5 minute period.


By the numbers ....

looks like MR. Market is saying BP is WAY oversold