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Business activity continued to decline in New York State, according to firms responding to the May 2024 Empire State Manufacturing Survey. The headline general business conditions index was little changed at -15.6. New orders declined significantly, while shipments held steady. Unfilled orders continued to decline. Delivery times shortened, and inventories ...
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Natural gas is pulling up to the area of interest at the 38.2% Fib visible on the daily time frame. If this area holds as resistance, the commodity price could fall back to the lows at $1.572 soon. The 100 SMA is below the 200 SMA to indicate that the path of least resistance is to the downside or that resistance is more likely to hold than to break. The ...