Hello Everyone, Followers,
CVX the second one for today that i would like to share my analysis.
🟦 Technical Overview
Chevron has recently posted a very strong bullish candle right through the descending trendline. Price is now trading at ~155.9.
🌍 Geopolitical/Operations Note
It’s commonly cited that Chevron is one of the only major U.S. energy companies with legal operations in Venezuela — due to legacy licenses and diplomatic agreements. So with Trump action on Venezuela will make CVX more powerfull and I beleive it will effect company turnover definatelly. Therefore I am expecting from CVX to react sharply and GAP up open on Monday.
🔮 Outlook
Chevron looks ready to fill/explode above the recent short-term structure. If Monday opens with a gap (likely on energy price strength or geopolitical headlines), the 0.382 / 0.5 (157-158 / 161-162) Fib zone will act as the first overhead pivot. My Short term expectation is 164 -165.
Even we can see this level on Monday.
📝 My Plan
Bullish continuation: Daily close above 157.9 opens the 161–164 targets.
Rejection scenario: If price fails to sustain above 157–158, look for pullback support near 151–150.
Catalyst watch: Energy prices + geopolitical headlines (Venezuela, OPEC).
If you enjoy and like clean, simple analysis — follow me for more.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a lovely Sunday to all and hopefully green trade day for next Week.
#SPX500 #NASDAQ #CXV
CVX the second one for today that i would like to share my analysis.
🟦 Technical Overview
Chevron has recently posted a very strong bullish candle right through the descending trendline. Price is now trading at ~155.9.
🌍 Geopolitical/Operations Note
It’s commonly cited that Chevron is one of the only major U.S. energy companies with legal operations in Venezuela — due to legacy licenses and diplomatic agreements. So with Trump action on Venezuela will make CVX more powerfull and I beleive it will effect company turnover definatelly. Therefore I am expecting from CVX to react sharply and GAP up open on Monday.
🔮 Outlook
Chevron looks ready to fill/explode above the recent short-term structure. If Monday opens with a gap (likely on energy price strength or geopolitical headlines), the 0.382 / 0.5 (157-158 / 161-162) Fib zone will act as the first overhead pivot. My Short term expectation is 164 -165.
Even we can see this level on Monday.
📝 My Plan
Bullish continuation: Daily close above 157.9 opens the 161–164 targets.
Rejection scenario: If price fails to sustain above 157–158, look for pullback support near 151–150.
Catalyst watch: Energy prices + geopolitical headlines (Venezuela, OPEC).
If you enjoy and like clean, simple analysis — follow me for more.
This is just my thinking and it is not invesment suggestion , please do not make any decision with my anaylsis.
Have a lovely Sunday to all and hopefully green trade day for next Week.
#SPX500 #NASDAQ #CXV
Trade active
As expected, GAP up today and struggling to break 165. I am already in :) Note
Found a good Momentum . Next Target 175-176 areaNote
hit to almost 175 today , I am still keeping it.
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.
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.