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Important price line being approached by Chevron. This price has been tested numerous times before.

Chevron is moving towards a line of 100.14 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If Chevron continues in its current trajectory, we can expect it to reach 100.14 within the next 2 days.

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We expect a $11.833 movement on SI within 4 hours following the event release at 03 May 14:00.

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