Royal Dutch Shell 11/03/2020

#FTSE #Japan Given it’s ‘amateur dramatic week’ for the price of Crude, a few emails reminded it’s worth a glance at Shell’s future price potentials. When we last reviewed them (link) we provided a scenario for 17 quid or less. Obviously, the share price has fully embraced these potentials, relaxing severely but curiously, there is an argument for a rebound.

Recovery anytime soon above above 1493p should prove useful, calculating with an initial price target at 1567p. Oddly (for us), despite this movement potential being rather trivial in the grand scheme of things, it’s a scenario we’re pretty comfortable with. Things become a bit more vague above 1567p as our secondary target works out at 1758p. Presently, all the secondary does is give hope for an attempt at the immediate downtrend (Blue). Only with price closure above this line dare we express sentiment of “proper” share price recovery commencing as we’re able to give 2239 as a third level target.

At time of writing, Shell are trading at 1371p and we’d now be inclined to alarm, if any excuse is found to drill down below 1243p. Movement such as this is liable to trigger reversal to an initial 1094p with secondary, if broken, down at 834p. Visually, the secondary calculation is absurd but unfortunately, so was our calculation yesterday which provided a drop target for Brent at 15 dollars.

Sometimes numbers, like politicians salaries, can be absurd. And unlike politicians salaries, they don’t have to be wrong.

Hey, chart goes here

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

9:56:45PM

BRENT

38.17

               

10:04:57PM

GOLD

1651

               

10:07:49PM

FTSE

6105.61

6016

5908.5

5800

6059

6234

6383.5

6609

6016

Success

10:09:47PM

FRANCE

4824.8

               

10:37:52PM

GERMANY

10760

               

Success

10:41:23PM

US500

2853.92

               

Success

10:43:54PM

DOW

24777

               

Success

10:46:32PM

NASDAQ

8299.68

               

Success

10:50:44PM

JAPAN

19715

19008

18777.5

18309

19483

20108

20283

20708

19500

‘cess

10/03/2020 FTSE Closed at 5960 points. Change of -0.08%. Total value traded through LSE was: £ 10,574,130,773 a change of -8.51%

9/03/2020 FTSE Closed at 5965 points. Change of -7.55%. Total value traded through LSE was: £ 11,557,885,051 a change of 24.01%

6/03/2020 FTSE Closed at 6452 points. Change of -3.77%. Total value traded through LSE was: £ 9,320,342,676 a change of 15.12%

5/03/2020 FTSE Closed at 6705 points. Change of -1.61%. Total value traded through LSE was: £ 8,096,440,019 a change of 2.53%

4/03/2020 FTSE Closed at 6815 points. Change of 1.44%. Total value traded through LSE was: £ 7,896,662,173 a change of -10.1%

3/03/2020 FTSE Closed at 6718 points. Change of 0.96%. Total value traded through LSE was: £ 8,783,341,942 a change of -20.21%

2/03/2020 FTSE Closed at 6654 points. Change of 1.12%. Total value traded through LSE was: £ 11,007,742,370 a change of -20.6%

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