$CVX has seen a notable decline of -5.695% in the last 24 hours.
Recent trading action fluctuated between a high of 2.553 and a low of 2.372.
Current support is at 2.372, while resistance sits at 2.549.
The RSI at 34.45 indicates oversold conditions, suggesting potential upward retracement.
Market sentiment remains undefined, with traders cautious amidst recent volatility.
If prices approach support, a bounce could occur; however, rejection could lead to further decline.
Monitoring major news events related to CVX is critical for future price movements.
