Will Royal Dutch Shell break support, or will it rise again to 2454p?

• Shallow rising support since March ’18
• 3 bounces, most recently yesterday, to trade 2290p (at time of writing).
• Will the pattern repeat, the shares climbing back towards 2454p?
• Shares -7% from 2018 highs; +1.3% from 2018 lows; -1.9% year-to-date.
• Bounce from support helped by higher oil prices and weak USD.
• Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

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Trading Royal Dutch Shell – An Example

Let’s say you like the Royal Dutch Shell chart and you think the price is heading back towards 2454p again. You decide to buy exposure to £10,000 worth of Royal Dutch Shell using a CFD, at the current price of 2290p. To do this, you need £2,000.

Let’s assume Royal Dutch Shell rises back to 2454p Jan highs (+7.1%). Your profit would be £710, 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. Royal Dutch Shell falls 3% and hits your stop-loss. Your loss would be £300.

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