Categories: Technical analysis

Chevron Wave Analysis – 7 February, 2022

• Chevron broke long-term resistance level 133.20

• Likely to rise to resistance level 140.00

Chevron continues to rise strongly after the earlier breakout of the long-term resistance level 133.20 (previous yearly high from the start of 2018).

The breakout of the resistance level 133.20 coincided with the breakout of the resistance trendline of the weekly up channel from the middle of July.

Chevron can be expected to rise further toward the next resistance level 140.00 (target price for the completion of the active impulse wave (3)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: Chevron

Recent Posts

Pro News Flash: Bitcoin Is Stuck While Billion Dollar Buyers Step In

🛟 Bitcoin is having a hard time staying afloat, even as major players step in…

3 hours ago

Natural Gas. Current situation #trandingshorts #tradelikeapro #trading #tradingstrategy #naturalgas

We're gonna talk about the gas market, where prices are falling rapidly. Let's take a…

5 hours ago

The dollar remains focused on the labour market

The US dollar weakened significantly in 2025, and its fate depends on central banks. The…

5 hours ago

Major coins dragged the market down

Major cryptocurrencies fell amid declining market sentiment, low liquidity, and institutional rebalancing, with Bitcoin dropping…

7 hours ago

Dogecoin Wave Analysis – 15 December 2025

Dogecoin: ⬇️ Sell - Dogecoin broke long-term support level 0.1365 - Likely to fall to…

20 hours ago

Alcoa Wave Analysis – 15 December 2025

Alcoa: ⬇️ Sell - Alcoa reversed from strong resistance level 47.00 - Likely to fall to…

20 hours ago

This website uses cookies