Currently, $CVX is experiencing a 3.201% decline, trading between the Bollinger Bands at 3.626 (upper) and 3.330 (lower). The price is nearing the lower band, suggesting a potential oversold condition, which could indicate a reversal opportunity. With support at 3.332 and resistance at 3.708, traders should monitor these levels closely. If volatility contracts, it may signal a stronger move. A stop-loss can be set just below 3.330 to manage risk. Recommended action: set alerts for a bounce off the lower band or a break below 3.330.
