Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

5th Feb 2021. 9.33am


Ticker RDSB
Direction Long
Enter At market (1,275p)
Stop 1,220p (55pts 4.3%)

Regency View:

BUY Royal Dutch Shell (RDSB)

Shell finds support as crude breaks higher

This week’s price action indicates that Shell has found support at the December swing lows…

On Wednesday, prices breifly broke below support only to bounce back and close positive on the session – forming a bullish hammer candle.

We have also seen WTI crude oil break to new trend highs this week, and this is likely to be supportive.


Enter long at market prices with a stop below support. Our profit target is a 1.5 x risk bounce up towards the January highs.

RDSB Daily Candle Chart

RDSB Daily Candle Chart


All content is provided for general information only and should not be construed as any form of advice. The signals provided by Regency Capital are not regulated by the Financial Conduct Authority (FCA) and as such customers who subscribe to this service will not be eligible for the Financial Ombudsman Services (FOS) or the Financial Services Compensation Scheme (FSCS).