Chevron 
CVX is the only major U.S. oil company still operating in Venezuela, giving it a strategic advantage if there’s any stabilization or regime shift in the country’s oil sector.
Additionally, Chevron is owed billions by Venezuela’s state oil company (PDVSA) — representing potential upside if debt negotiations or repayments are revived.
This geopolitical angle adds a fundamental catalyst to an already strong technical setup.
📈 Technical Setup
Bullish structure intact above the 200-week EMA
Strong demand zone: $140–$150
Key resistance at $170 – a break and hold above this level could trigger a squeeze toward all-time highs
📊 Trade Plan
Entry Zone: $140 – $150
Take Profit Targets:
TP1: $190 – $200
TP2: $250 – $260
Stop Loss: Weekly close below $130
CVX is the only major U.S. oil company still operating in Venezuela, giving it a strategic advantage if there’s any stabilization or regime shift in the country’s oil sector.Additionally, Chevron is owed billions by Venezuela’s state oil company (PDVSA) — representing potential upside if debt negotiations or repayments are revived.
This geopolitical angle adds a fundamental catalyst to an already strong technical setup.
📈 Technical Setup
Bullish structure intact above the 200-week EMA
Strong demand zone: $140–$150
Key resistance at $170 – a break and hold above this level could trigger a squeeze toward all-time highs
📊 Trade Plan
Entry Zone: $140 – $150
Take Profit Targets:
TP1: $190 – $200
TP2: $250 – $260
Stop Loss: Weekly close below $130
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.