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Market Overview
CVX/USD closed at 1.723, down 1.32% from the previous close of 1.746, continuing its downtrend with a 30-day return of -7.51%. The price remains below the 20-day SMA of 1.7671 and the 5-day SMA of 1.7556, indicating sustained bearish momentum. The nearest support is at 1.703, with resistance around 1.767. The RSI suggests weakening buying pressure consistent with the downtrend. No significant upcoming events are currently expected to alter this trajectory. Technical indicators including the 20/50/200-DMA confirm the bearish stance. For information only.
Last Updated 11/20/25

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.