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After testing 118.19 numerous times, Chevron is once again approaching this price point. Can we expect a bullish trend to follow?

The movement of Chevron towards 118.19 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 22 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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EUSTX50 – approaching a price line that has been previously tested numerous times in the past

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Travelers Cos Inc. is approaching 151.81. We expect either a breakout through this line, or a rebound.

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