Medium term view - CHEVRON CORP : The moving average is supporting prices.
The previous high has been passed, the bullish trend is confirmed. The next target is at $133.400. The invalidation level is below $100.000.Arguments :
- The resistance has been passed.
- Prices made a new all-time-high, this confirms the strength of the trend.
- The moving...
Chevron is engaged in energy and chemicals operations. Upstream operations consist primarily of, among others, exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas, storage and marketing of natural gas; and a gas-to-liquids plant. Downstream operations consist primarily of, among others, refining crude oil into petroleum products; marketing of crude oil and refined products; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives.
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