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Big movement expected on 3m Co. after a breach of 204.02

3m Co. has broken through a line of 204.02 and suggests a possible movement to 205.89 within the next 2 days. 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 14 days.

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We expect a 2,409 pip movement on RTY within 4 hours following the event release.

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We expect HE to trend upwards with a 66.67% chance.

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