lukelehepuu
Short

CVX IDEA

NYSE:CVX   CHEVRON CORP
CVX
14 0 3
cvx
Ticker: CVX            
Direction: SHORT
Entry Price: 99.79
Current Price: 99.79

Description of Chart:
We have broken down below the all important number 100.00, this also coincides with a resistance level . We have touched the 50 MA and bounced very slightly. I am looking for a further break down to touch the 200MA on the daily chart . I feel this price will be around the 92.00 area over the next few weeks. If we break below the 200MA then we could then see a push to the 87.00 area.

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