Repsol’s good results have been liked to the point that the share price has managed to set new highs compared to those set in yesterday’s session. Investors must also have liked the dividend increase to 0.63 euros charged to the year 2021 closed.
However, it must be taken into account that today’s session is not exactly conducive to seeing increases in the stock markets since the news from Ukraine of a possible altercation with medium artillery in the western zone is making investors very fearful in order to seriously assess staying bought throughout this weekend.
Therefore, the purchase of Repsol shares should be well studied once this weekwhich also has the expiry of tomorrow’s options and futures.
Therefore, extreme caution must be exercised in case we see an increase in hostilities in Ukraine although this would most likely imply more buying pressure on a barrel of oil.
At the moment we are seeing Repsol’s share price remains close to the closing area of yesterday’s session waiting for events as we can see in the following graph.
Beyond what may happen in view of the expiration of options and futures and this weekend with Ukraine, there is a first price area to watch don’t miss out.
We are talking about the prices that were reached last October around 11.70 euros.
This price level has already been tested in today’s session after the opening of the market and has held up extremely well. Losing this price level would be the first warning that fear is beginning to outweigh interest in buying Repsol shares due to their great technical aspect and the potential to see further rises.
Therefore, As long as we do not see the lows of today’s session lose, we can continue to trust the value.