Morning Trend | Chevron launches a strong counterattack, is the rebound window for energy stocks coming?
Chevron (CVX.US) saw a strong rebound in early trading today, continuing the robust recovery atmosphere from the previous trading day. At the beginning of the session, external crude oil prices also rose, and OPEC's production cut news reignited market bullish sentiment, attracting multiple funds to enter the market. Chevron's stock price has consistently closed above the short-term moving averages, with buying pressure gradually increasing and overall trading activity significantly improving throughout the day.
Observing the details, many market leaders have begun to position themselves at lower levels, and the moderate increase in trading volume indicates that bullish confidence is quietly gathering, with funds focusing on short-term elasticity opportunities in oil prices. Currently, the sentiment is recovering, hedging against the impacts of fluctuating Federal Reserve policies and geopolitical risks, with main funds inclined to follow the trend of crude oil. Under the influence of oil price fluctuations, the energy sector has shown a clear sectoral linkage effect, with Chevron also among the leaders in gains.
However, in the short term, it is important to note that severe fluctuations in oil prices can act as a double-edged sword for the upward trend. Once funds take profits, the stock price may easily experience slight pullbacks or consolidation. The key follow-up point lies in the sustainability of trading volume during the session; if there is a moderate increase in volume and the following funds do not decrease, a breakthrough of the upper pressure zone is likely to trigger acceleration. If the volume weakens, the market may again fall into high-level consolidation or even short-term corrections.
Currently, driven by favorable factors, main fund sentiment is expected to push for another wave, but the rhythm of the game remains intense—participants are advised to pay attention to crude oil dynamics and intraday turnover conditions, avoiding blind chasing of highs, implementing reasonable profit-taking defenses, and waiting for genuine large-scale breakthrough signals
Technical Forecast·
