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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 ...
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Economic activity in the services sector grew in May after contracting in April for the first time since December 2022, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 53.8 percent, indicating sector expansion for the 46th time in 48 months. The report was issued today by ...