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Repsol flirts with its most immediate support

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The last falls put Repsol's titles at the doors of the support of 13.85 euros and it would be good if it could last if we do not want to leave the door open for a greater correction.

Technical analysis
SHOULDER SHOULDER SHOULDER
S1
13.85
S2
13.35
R1
14.50
R2
15.20

Short term

Medium term

Long term

We still have the whole session ahead to see what is the closing session of this Tuesday, but the titles of Repsol they have woken up with a bearish hole below the support (red line) that joins the last rising lows. So, to close like this and the lower the worse, we will have a clear sign of weakness. Prelude to what may be a new corrective movement that would lead to the titlea support area that presents at the top of the old bearish channel, before resistance. This happens at the present time for approximately 13.35 euros. Attentive to the bearish 'gap' of today's session (13.92), since as long as it does not close, or what is the same is canceled, the very short-term 'trading' bias will remain bearish . Above, on the resistance side, we have 14.50 euros and, above all, 15.20 euros.

Repsol daily chart since May 2018

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