The breakout of Chevron through the 97.74 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Chevron to test 95.39 within the next 15 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 97.74 numerous times, Chevron has finally broken through. Can we expect a bearish trend to follow?
