MiguelMateo

Buy Chevron (CVX)

Long
NYSE:CVX   Chevron Corporation
The zones to be traded are low in the 1D time frame (red zone); there is a small uptrend with a buy sentiment/climate in the 4H. Two demand zones are very close to the current price with no close supply zones above. EMA 100 is lower than the EMA 200 line but very close, if it crosses it, I expect other traders to join this trade pushing the price further up. The only concern is the target price is inside a second supply zone in the 1H time frame, may need to close lower than 1:1.

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