Shell is expected to report earnings tomorrow. Will the oil giant smash market expectations or follow its oil peer BP?

Taking a look at Shell as the oil giant is expected to report earnings tomorrow. Its’s oil peer BP reported earnings yesterday, BP’s EPS beat analysts forecasts but revenue came in just under. The stock lost 5% after reports of slowing share buyback, that is key information that should be considered before looking into Shell’s stock. Currently, its stock price sits at $59.24 a share, we can see that the price is approaching the support along the 100-day moving average ($58.91). It has actually dipped temporarily below it in yesterday’s session but recovered and closed above it. A further move below may see the price decline lower towards $57.35. However, this could all be dependent on the outcome of the earnings and future outlook. A positive report could see the price edge back up, with resistance levels at $59.68 (50 MA) followed by $61.07 (20 MA). A break above $61.07 could see a stretch towards $62.31. Looking at the indicators, MACD has turned negative and RSI is faltering as it now reads 44.