The movement of Chevron towards 118.19 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 22 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
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CVX has moved lower by 8.3% from 158.98 to 145.79 in the last 9 days.