GettnFibbywIT
Oct 14, 6:24 PM
$CVX $XLE
Chevron Corp (CVX) - Weekly Chart (*Final print TBD)
CVX appears to be transitioning from breakout attempt to breakout acceptance. Price has reclaimed and held above the key
$213 structural resistance area while recently maintaining support at the 78.6% retracement level (of the Mar-July '26 swing high-low retracement). A weekly close above approximately
$220 - 222 ish would satisfy even typical "conservative" 3-4% breakout-confirmation thresholds, though continued acceptance above
$213 + constructive momentum behavior underneath would remain the most important technical evidence that former resistance has indeed successfully transitioned into support.
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