Short STOXX EUROPE 600 OIL & Gas sectorWe are having here a very well structured trade idea, exploiting the confluence of high important technical factors, mean reverting stance, and extreme positioning in the Oil and Gas space thanks for a Long Inflation lean by most investors this year.
Into year end and preparing for 2023, Fact is that after such a good performance some will be tempted to take profit especially with a potential FED pivot in [/b preparation based on Inflation peaking.
Saying it simply and pragmatically : if you made money being long the sectors or High dividend stocks in that space, that's a great achievement, but the forward looking factors are clearly pointing lower.
the USD price action is clearly indicating of Inflation peaking and is highly supportive of this trading idea.
Bottom line: Sell / Short SXEP Sector using this Multi Month horizontal trendline and overbought technical indicators
Royaldutchshell
Royal Dutch Shell Glows Royally. RDS.BLooking very tasty on this one right about now. An upward zigzag forming, possibly as part of an interim X Wave, as a correction to that latest downward zigzag. Time will tell.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Royal Dutch Shell - Selling into the gap for more downsideRoyal Dutch Shell 'A' - Short Term - We look to Sell at 19.49 (stop at 20.37)
Short term momentum is bearish. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We have a Gap open at 19.49 from 25/11/2021 to 26/11/2021. We expect a move lower in a corrective sequence, targeting Fibonacci retracement levels. Preferred trade is to sell into rallies. Expect trading to remain mixed and volatile.
Our profit targets will be 16.84 and 16.00
Resistance: 19.49 / 20.30 / 21.15
Support: 18.14 / 17.80 / 16.82
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Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing toa trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Royal Dutch Shell Inverse Head and ShouldersRDSA has formed an Inverse Head and Shoulders pattern, a break above the neckline will signal more upside.
Royal Dutch Shell UK Share. Can this Rally Continue?
LSE:RDSB
Friday 29 January 21
Can This Rally in Royal Dutch Shell Continue?
Price Currently @ Weekly
Level of Demand.
And could potentially
Carry on with the Uptrend to
New Highs.
Close Below 1230
Could Potentially
Break this Uptrend
Royal Dutch Shell, waiting for double bottom to form tooGreat stock, waiting for double bottom to form too
LONG RDSAExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
RDSA - Royal Dutch ShellBCBA:RDS
Based on Technical Analysis - the idea is to go short.
The market is still bearish since the COVID-19 came in.
Royal Dutch Shell Plc LON: RDSA Technical AnalysisJust Hold.
Wait if the support will be broken before selling for a short term investment.
Hold for a long term investment
DEAD CHEAP OIL SHARES - Time To Buy!Hi traders.
Following the turmoil with oil prices falling globally as demand for oil weakens, I am planning on purchasing shares in certain oil firms. One of these firms include Royal Dutch Shell (RDS.A). As oil prices are dwindling down, I would expect the earnings report released towards the end of April to be terrible news for the firm. Thus, I would ideally buy shares at low prices, to ride it on the upside wave as the market recovers from the pandemic. Entries from the lows made from during the pandemic could prove to be extremely profitable in the long term.
This is just technical analysis . Do not follow this trade blindly!
If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from.
Please drop a follow! I need reputation points!!
Royal Dutch Shell (RSDA) FibonacciRSDA looks like a short term short, but a mid and long term long.
Shell still has a lot of room to grow based on the 0.618 Fibonacci resistance, it obviously dropped way harder than the average AMS and NYSE stock markets because of the super low oil prices (Aramco (SA) + Russia struggle). However, short term I would not go long at this price yet, and rather wait for it to retrace back to one of the intra wave fibonacci support lines.
Below you'll see the 0.5 FIB support line highlighted as a possible contender for a good long position in the near term future, a rise in price at that point might be a good confirmations for bigger players to enter the market. If that 14.4 euro price mark can hold, it also means that RSDA created a higher low on the hourly chart.
LONG RDSAExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
ROYAL DUTCH SHELL PLC (RDS.A): Impulse Waves On The Way?Find Winning Trades In Seconds >> efcindicator.com (Special Discount)
After an ABC correction, the S1 support was able to handle the fall. It seems that we are already starting a reversal.