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CVX is signaling a possible trend reversal on the intraday charts with price not breaching resistance.

CVX is heading towards the support line of a Rising Wedge. If this movement continues, the price of CVX could test 150.7053 within the next 3 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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