mikhem

Royal Dutch Shell Positive 3% Gain, But Nothing Changes

LSE:RDSB   ROYAL DUTCH SHELL PLC 'B' ORD EUR0.07
A positive 3% gain to end WK3 for RDSB hasn't really changed anything for me. WK4 needs to see a finish above the (blue) 26 period moving average to continue consolidation and point toward positive momentum. Fundamentals in oil and natural gas aren't really giving away any secrets so I'm not expecting to see any push beyond 2450 unless external forces provide a significant boost.