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Home / Breakouts / Shell

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Shell

Is this breakout a good trade for you?

Will Royal Dutch Shell turn, or will it continue to rise to May-Oct falling highs around 2600p?

  • Breakout above falling resistance at 2416p to trade 2440p  (at time of writing).
  • The ‘trend is your friend’. Will it continue towards 2600p?
  • 1 Feb: Shell Q4 strong results  beat market expectations.
  • Oil prices rebounding +7% in January from Christmas lows helping oil majors.
  • Shares +2.9% from 2018 highs; +7% from 2018 lows; +4.3% year-to-date.
  • Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

Click to enlarge

Trading Shell – An Example

Let’s say the breakout appeals to you, you think it’s likely to continue to 2600p . You decide to buy exposure to £10,000 worth of Shell using a CFD, at the current price 2440(at time of writing). To do this, you need £2,000.

Let’s assume the Shell trend continues upwards to May-Oct falling highs around 2600p (+6.5%). Your profit would be £650, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 3% from the current price. Shell breaks lower, falling 3% and it hits your stop-loss. Your loss would be £300.

This is provided for information purposes only. It should not be taken as a recommendation.

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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