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Lambert: Why BP has potential to move higher

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May 01, 2015 bp, brent, brent crude, brent geo-political, brent oil, brent price, brent spread, british petroleum, clive lambert, clive lambert futurestechs, commodities, commodities markets, commodity, commodity investing, commodity market, commodity markets, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, crude, crude oil, crude oil price, crude oil prices, crude price, crude prices, crudeoil, energy, energy companies, energy demand, energy industry, energy market, energy prices, energy sector, energy stock prices, energy stocks, energysector, equities, equities trading, equity, equity market, equity markets, equity portfolio, equity portfolios, equity strategy, equity trading, futurestech, futurestechs, oil, oil and gas, oil commodities, oil companies, oil company, oil demand, oil industry, oil inventories, oil market, oil markets, oil news, oil outlook, oil price, oil prices, oil production, oil spread, oil stocks, oil supplies, oil supply, oil trading, saxo bank, saxo tv, trade idea, trader, traders tale, trading, tradingfloor.com
This Friday European markets are closed, although the UK is still open. As the oil price has been moving higher of late, Clive Lambert from FuturesTechs tells us why he's looking at the energy company BP.

BP recently broke a resistance level of GBP 4.65 and Clive says as long as there is scope to move above that level, he thinks the price could go to GBP 5.25, last year's high.

Clive says he's looking to buy above GBP 4.65 with a stop below GBP 4.60 with the target GBP 5.25.

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