The breakout of Chevron through the 103.54 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 101.36 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 103.54 numerous times, Chevron has finally broken through. Can we expect a bearish trend to follow?
