The breakout of Chevron through the 86.54 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Chevron to test 88.56 within the next 10 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 86.54 numerous times, Chevron has finally broken through. Can we expect a bullish trend to follow?
