Shares of Chevron, which made a shale gas investment of 10 billion dollars in Ukraine, encountered sales at our resistance level as a result of our previous analysis. Shares that declined from 125.6, further declined to 109.2 and with the recent purchases, started the week at 115.4.
118.5 and 119.8 are our resistance points. We are expecting a decline to the 103 level.
From 119.8, short position targeted 103 could be taken.
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