The movement of Chevron towards 69.55 price line is yet another test of the line it reached numerous times in the past. We expect this line 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.
After testing 69.55 numerous times, Chevron is once again approaching this price point. Can we expect a bearish trend to follow?
