Chevron has broken through a support line of a Head and Shoulders and suggests a possible movement to 87.14 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 9 days.
Big movement expected on Chevron after a breach of the support
