CVX is moving towards a line of 148.1600 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If CVX continues in its current trajectory, we may see it move towards 148.1600 within the next 3 days.
CVX seems to be on its way to support – a possible opportunity?
