26.07.2016 - Price of Chevron can change the trend to negative

Price of Chevron was unable to overcome the resistance level at 106.80 and corrected downward. In the near future quotations will reach the lower boundary of rising channel and then can continue their negative dynamics to 100.00. Overcoming this psychologically important level will be the basis for opening short positions with the closest targets at 94.00 and 89.00. The growth in the near future is limited by the marks of 106,80 and 110,00. We expect the current trend shift to the negative.

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