Today’s instrument is the Chevron Corp. traded on the NYSE exchange under the ticker CVX. 

When we look at the CVX‘s chart, we see its price rising in the past few days, reaching the closed price of around $150.40. Today it is announcing its quarterly earnings and it seems the market’s expectations are positive as during the pre-market hours its price has risen to $153.50.

If it manages to hold its price above its support level of $151, we should expect a further price increase.

(Click on image to enlarge)

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