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Support line breached by 3m Co.. This price has been tested at least twice before.

3m Co. has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 172.55 can be expected within the next 5 hours.

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SPX500 is approaching a resistance line of a Falling Wedge. It has touched this line numerous times in the last 4 days.

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