1. After a rally, Chevron completed a figure wich I find like a head & shoulders pattern. Two lower highs after the high of the head.
2. Oil is in a strong downtrend.
So I expect $CVX to go down in the next days.
Enter tomorrow at market.
Target: 164.50
SL: problem, too far. Maybe, put it slightly above the neckline at 176.00.
2. Oil is in a strong downtrend.
So I expect $CVX to go down in the next days.
Enter tomorrow at market.
Target: 164.50
SL: problem, too far. Maybe, put it slightly above the neckline at 176.00.