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Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through March, good for a 73% decline from a record $5.5 billion posted a year earlier. The company’s revenue fell 5.4% ...
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Natural gas broke above the neckline of its inverted head and shoulders pattern to confirm that a reversal from the selloff is in order. Technical indicators also appear to be hinting at a return in upside pressure as well. The 100 SMA crossed above the 200 SMA to indicate that the path of least resistance is to the upside or that the climb is likely to ...