Chevron Corporation (NYSE:CVX) shares fell on Monday as global crude oil prices continued to decline for a fourth consecutive session. 37%.
S. -Iran conflict and signs that oil shipments were beginning to move through the Strait of Hormuz, according to Trading Economics.
04). 33), which keeps the intermediate trend constructive despite today’s pullback.
57), a common sign that upside momentum has cooled after a strong run. 18, which signals neutral momentum—neither stretched to the upside nor washed out—so traders often shift focus to nearby levels rather than expecting an immediate trend acceleration.
The chart also has a bullish moving-average backdrop (the 20-day SMA is above the 50-day SMA, and the 50-day SMA is above the 200-day SMA), but the stock has been digesting gains since the September swing high and 52-week high. If sellers keep control, the July swing low becomes the key reference point for whether this is a normal pullback or something deeper.
61 at the time of publication on Monday, according to Benzinga Pro data.
