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Royal Dutch Shell’s share price chart is turning negative - Zak Mir

Traders could start thinking about going short of shares in Royal Dutch Shell Plc (LON:RDSB), according to Zak Mir, who highlights a bias that’s ‘slightly downward’.

He points out that the top of the share’s currently positive trend channel is around £24 (would be 10% upside to current price of £21.80) but the support is pitched at £20.61 and momentum is negative.

Quick facts: Royal Dutch Shell

Price: 26.66 USD

NYSE:RDS.A
Market: NYSE
Market Cap: $104.33 billion
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