The analysis focuses on Chevron (CVX) and the US Dollar Index (DX-Y.CH). CVX is observed to be in a descending channel, approaching its upper trendline. A bullish signal is anticipated if CVX closes above 171.20, targeting 172.92, with a stop-loss below 168.96. Conversely, a bearish signal is suggested if CVX closes below 171.20, with a failure bound below that level, potentially leading to a retest of the 189.68 November 2022 high. The US Dollar Index is in a bearish trend, testing an 18-year channel bottom. A close below 98.20 is expected to lead to a further decline towards 88.80, with a failure bound at 114.78. The inverse relationship between crude oil and the US dollar is also noted, suggesting that a weaker dollar may support oil prices.