A trading opportunity for you?
Will Royal Dutch Shell break support, or will it rise again to 2725p (+3.7%)?
- Rising support; breakout; Now trading 2626p (at time of writing).
- Will the pattern repeat, the shares climbing back towards 2725p (3.7%)?
- Shares -0.3% from 2019 highs; +17.9% from 2019 lows; -12.2% year-to-date.
- Higher oil prices ahead of this week’s OPEC meeting
- Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal
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 2725p again. You decide to buy exposure to £10,000 worth of Royal Dutch Shell using a CFD, at the current price of 2626p. To do this, you need £2,000.
Let’s assume Royal Dutch Shell rises back to 2725p highs (+3.7%). Your profit would be £370, from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 2% from the current price. Royal Dutch Shell falls 2% and hits your stop-loss. Your loss would be £200.
This is provided for information purposes only. It should not be taken as a recommendation.