Will Shell break support, or will it rise again back to 2675p?

• Shell has a support zone around 2380p since April, with 3 bounces, most recently this week.
• Now trading 2426p (at time of writing).
• Shares -15.4% from 2018 highs; +9.7% from 2018 lows; -3.3% year-to-date.
• Oil prices have bounced, helping share off lows
• 18 Oct: Panmure says shares could further benefit as Shell’s $25bn buyback programme picks up
• Source: Bloomberg, FT, Reuters, DJ Newswires

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Trading Shell – An Example

Let’s say you like the Shell support level, you think it’s heading back towards 2675p again. You decide to buy exposure to £10,000 worth of Shell using a CFD, at the current price of 2426p. To do this, you need £2,000.

Let’s assume Shell rises back to 2675p (+10.3%). Your profit would be £1,030, from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 5% from the current price. Shell falls 5% and hits your stop-loss. Your loss would be £500.

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