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UK oil and gas sector:


Considering a position in BP.

A lot will depend on the oil price getting through 50 and then 52 which are important levels. But yep I have a eye on the oils.

There have been some movers in the oil and gas sector and SPOG.L is more bullish than CRUD.L. I've plotted my own breadth chart for oil and gas. Quite early days but the early movers and that the MA of CRUD.L is now sloping up gave me the confidence to open a couple of positions. But I could be proved to have been too keen.