26.08.2014 - Chevron is likely to accelerate the decline in the near future

Chevron's stock price after the consolidation under the lower limit of the upward channel and below the level of the nearest local minimum is consolidated within the triangle. We recommend to open short positions with a stop above 130.00 and target levels near 116.00 and 110.00. Confirmation of a sell signal will be fixing the price below 125.00. In the medium term, quotations will likely continue the downward movement.

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