Shell: decline regaining momentum after weeks of sideways action

Shell reaches week 10 of a sell signal, with the trade up 9.3% since entry. The latest week closed down 3.2% with sellers at 91% — a sharp shift after a period of relative stability, with flows turning clearly back to the downside. On the daily chart, a double bottom in the 2910 area is visible, best read as a technical bounce attempt within a still-bearish underlying trend.