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US30 – breach of a trending resistance line that has been tested at least twice before.

US30 has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 4 days and suggests a possible target level to be around 35966.1725 within the next 2 days.

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We expect a $9.451 movement on SI within 4 hours following the event release at 19 Nov 00:01.

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We expect a $0 movement on 6E within 12 hours following the event release at 19 Nov 06:30.

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