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Fifth District manufacturing activity improved but remained sluggish in May, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index increased from -7 in April to 0 in May. Of its three component indexes, shipments increased from -10 to 13, new orders increased from -9 to -6, and employment fell from ...
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Natural gas broke below its rising trend line to signal that a reversal from the uptrend is due. Price might be in for a retest of the former support that might now hold as resistance. The Fibonacci retracement tool shows additional levels where sellers might be waiting. The 38.2 Fib is close by at $2.620, then the 50% level is at $2.665 near the former ...