Chevron: Prices Need To Exceed 112.50 To Confirm Upside Potential

 | Apr 19, 2015 01:46AM ET

Chevron Corporation (NYSE:CVX) shares have broken two longer-term trendlines providing resistance. Price needs to exceed $112.50 in order to form a higher high and confirm the upside potential. Till then, rallies can be shorted, keeping an eye on crude oil prices.

CVX price (2 years)