• 3M broke key support level 141.10
• Likely to fall to 135.00
3M continues to fall after the earlier breakout of the key support level 141.10 (which stopped the (b)-wave of the previous ABC correction 2).
The breakout of the key support level 141.10 accelerated the active short-term impulse waves (iii) and 3 – which belong to the multi-month downward impulse sequence (3) from January.
3M is expected to fall further toward the next support level 135.00 – the breakout of which can lead to further losses toward 131.30.
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
This website uses cookies