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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 122.22 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 122.22 within the next 17 hours.

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