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Big movement expected on Chevron after a breach of the support

Chevron has broken through a support line of a Descending Triangle and suggests a possible movement to 76.57 within the next 2 days. It has tested this line 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 61 days.

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Important price line breached by US Treasury Bond DECEMBER 2020. This price has been tested numerous times before.

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We expect 6A to trend downwards today with a 75% chance.

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