The movement of Chevron towards the resistance line of a Rising Wedge is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
After testing the resistance line numerous times, Chevron is once again approaching this line. Can we expect a bullish trend to follow?
