05.03.2015 - Shares of Chevron Corp will probably reach the level of $ 100 per share

Chevron Corp share price continues to decrease gradually along the sloping support line. Earlier this quotes broke through the resistance level. If the price fixates above this line and overcome the local maximum at about 112.00, we recommend to open long positions. At the moment, the more likely is the continuation of the downward movement of the price and we recommend to open short positions with the potential fall to 100.00. Our medium-term outlook is negative.

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