Royal Dutch : next target 12,50

Hi everyone, the decline at Royal Dutch continues, a new first target can be set at 12.50 an earlier gap (23/03/20) which will have an attractive effect. In the RSI, the declining horizontal support is broken, which can now act as resistance. It is expected that the previous bottom finally should be tested around 10.50!

Good luck traders!

regards ,

TT

Commentaire:

Hi, we are currently in a sideways trend, the bottom horizontal line in the RSI has not resisted causing a further decline, it is now important to keep an eye on the MA50, close it on a daily basis now around 520 then there is a long signal again and we have to take into account further upward increases towards 18.50. So the short signal will continue to drop to 12.50 as long as we don't close above the MA50 for this idea.

regards,

TT

Commentaire:

Hi, there is a buy signal again since long with this I have closed my short position. The increase is mainly due to rising oil prices. The MA50 is broken upwards again and the RSI upwards through the horizontal resistance line (see green circles). RDSA is now back in an upward trend with an initial target of 18.50 (blue horizontal line). The gap at 12.50 will therefore remain open for a while!