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Natural gas reversed from multi-month support level 1.541 Likely to rise to resistance level 2.030 Natural gas recently reversed up from the multi-month support level 1.541, which reversed the price twice in the middle of 2020. The support level 1.541 was strengthened by the lower weekly and the daily Bollinger Bands. Given the strength of […]

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03/09/2024

US: Manufacturing Index Shows Contraction Eextends into August 

The ISM Manufacturing Index marginally improved in August, rising to 47.2 and just short of expectations of a 47.5 print. As in July, only five industries reported growth for the month, but as some larger industries grew, a smaller share of manufacturing GDP shrank relative to last month (65% vs. 86% in July). Demand continued […]
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