Big movement expected on Chevron after a breach of 117.73

Chevron has broken through a line of 117.73 and suggests a possible movement to 116.02 within the next 3 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 45 days.