Since Repsol turned at the important resistance, previously support, of 11 euros, the price has been consolidating / adjusting the previous rises proportionally within a small manual bearish channel.
From the important resistance zone of the 11 euros in the titles of Repsol we have spoken at length on numerous occasions over the past weeks / months. We therefore know that exceeding this level, with ease, would activate a new and important signal of strength in value. Meanwhile, what we have is a consolidation of manual, book levels. A proportional adjustment of previous significant highs within a bearish channel Short-term. One could even speak of a '"flag". The truth is that the rise in the price of it would be a warning to sailors that the title wants to attack again the resistance of 11-11.15 euros, with a higher probability of success on that occasion. If confirmed later, the next upside target is found in the range of 11.80-11.95 euros. Below, on the support side, we have 9.85 and the range of 9-9.20 euros.