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.

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%