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US30 – breach of price line thats been previously tested numerous times before

US30 has broken through the resistance line of a Resistance. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 10 days and suggests a target line to be around 35193.3008 within the next 2 days.

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After testing 197.00 numerous times, 3m Co. is once again approaching this price point. Can we expect a bearish trend to follow?

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