BP plc (BP) Stock Drops in Early Trading $36.52

By Tim - http://stockstobuy.org

The following is BP plc (BP) stock technical analysis for June 1, 2010

BP plc (BP) Support & Resistance Levels - 6/1/10

Resistance Levels: $40, $44

Support Levels: $35, $31.11

Chart - http://www.stockcharts.com/

BP plc (BP) stock is set to open up at $36.50 this morning as the oil spill situation is looking very grim. Bp stock has support located at $35 from 2008-2009 but then nothing until $31.11. If BP plc doesn't hold $31.11, look out below! I wouldn't but BP until it closes back above the 10 day moving average.

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