3m Co. has broken through a line of 160.30 and suggests a possible movement to 162.55 within the next 6 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.
Big movement expected on 3m Co. after a breach of 160.30
