– Chevron broke key resistance level 208.10
– Likely to rise to resistance level 215.00
Chevron previously broke above the key resistance level 208.10 (which stopped the previous minor impulse wave 1 in the middle of August).
The breakout of the resistance level 208.10 accelerated the active minor impulse wave 3 that belongs to the intermediate impulse wave (3) from the start of August.
Given the strong daily uptrend, Chevron can be expected to rise to resistance level 215.00 (that stopped the sharp uptrend at the end of March).
– Likely to rise to resistance level 215.00
Chevron previously broke above the key resistance level 208.10 (which stopped the previous minor impulse wave 1 in the middle of August).
The breakout of the resistance level 208.10 accelerated the active minor impulse wave 3 that belongs to the intermediate impulse wave (3) from the start of August.
Given the strong daily uptrend, Chevron can be expected to rise to resistance level 215.00 (that stopped the sharp uptrend at the end of March).
By the FxPro Analyst Team
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Disclaimer
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.