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Several Egyptian chemical and fertilizers companies have preventively shut down their factories on a temporary basis, citing increased consumption-driven pressures on the natural gas network leading to fluctuations in the grid. Egypt Kuwait Holding (EKH), Misr Fertilizers Company (MoPCO), and Abu Qir Fertilizers and Chemical Industries said they will shut ...
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WTI crude oil fell through its range support with a large bearish gap to $72.60 per barrel. Price might still close the gap before resuming its selloff. The Fibonacci retracement tool shows that the former range support coincides with the 50% level at $76.60 per barrel while the 61.8% level is closer to the dynamic inflection points at the moving averages ...