GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
UK OIL & GAS PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, VAST RESOURCES PLC ORD 0.1P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VODAFONE GROUP PLC ORD USD0.20 20/21, PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI)
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
A long term multidiagonal confluence occurred here just after the new yea. While there hasn't been a significant shift to the upside since then, I like the recent update and the positive oil price environment.
These factors combined suggest to me that we could be due a good rise here.
My use of multidiagonals suggest that we could expect a move into the £25.00 range here at RDSB, nevertheless as we approach that upper diagonal, don't be surprised if we perhaps pull back down before resuming the move.
A daily close below the lower diagonal would concern me and I would probably exit.
Wood Group has made new highs on a price and relative basis. The shares have outperformed the FTSE100 index by over 10% in the last 3 months. I expect the shares to reach the previous highs at 920p