Oil prices are now close to their historical average and have been falling steadily since their peak this year. If a bottom were to be found, it could be around the $30 marker based on historical price action. Despite the dramatic drop in the price of oil, oil majors such as BP have held up reasonably well of late. If oil were to steady no lower than $30, BPs share price could hold above the £5.00 level for some time. A no touch trade predicting that BP wont touch £4.60 at any time in the next 60 days could return 108%.