SHEL might test its resistance level at £24-24.30
|Today’s instrument is the Shell Plc stock, which operates as an energy and petrochemical company, and it is traded in London stock exchange under the ticker SHEL.
Looking at the SHEL’s chart, we can see that it was lastly traded at around £23.53.
Yesterday it announced better-than-expected quarterly earnings which was reflected at the yesterday’s opening price. Today, we could expect it to maintain the price above the support level, which is located at around £23.40, with the possibility to test the resistance level at around £24-24.30.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.