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On April 18, it was learned from the Ministry of Public Security that on April 17, eight departments—the State Taxation Administration, the Ministry of Public Security, the Supreme Peoples Court, the Supreme Peoples Procuratorate, the Peoples Bank of China, the General Administration of Customs, the State Administration for Market Regulation, and the State Administration of Foreign Exchange—held a national meeting in Beijing on April 16 to promote the normalized joint crackdown on tax-related crimes. The meeting discussed and deployed key tasks for the next stage, focusing on promoting the normalized joint crackdown mechanism on tax-related crimes to play a greater role, effectively safeguarding a fair and law-based economic and tax order, and better serving high-quality development. The meeting emphasized that all departments should strengthen the construction of a full-chain, integrated crackdown mechanism from administrative law enforcement to criminal justice; deepen multi-departmental data sharing, information exchange, joint analysis, and coordinated crackdowns; intensify efforts to combat tax-related crimes such as invoice violations, export tax fraud, and fraudulent tax benefits; strengthen case-based tax education and legal interpretation; continuously strengthen warnings and deterrence; and continuously improve the effectiveness of joint punishment, further creating a new situation in the joint crackdown on tax-related crimes by the eight departments.On April 18, Turkish Foreign Minister Fedan stated that Israel uses security as a pretext to seize more land, but true peace requires an end to the use of force against other countries. AFP reported that Fedan, speaking at the Antalya Diplomatic Forum in Turkey, said, "Israel is not pursuing its own security, but more land. The Netanyahu government is using security as a pretext to occupy more land." "Israel has created a false impression internationally, claiming it is acting for its own security. But the facts are very clear, especially in recent years… its aims go far beyond that," Fedan said.U.S. Central Command: Since the blockade began, 23 ships have turned back at the direction of the U.S. military.German Finance Minister: Structural reforms are a certainty.German Finance Minister: Germany has indicated its willingness to cooperate with the Global South on the issue of UN Security Council reform.

Following the EIA Inventory Report, Natural Gas Prices Consolidate

Larissa Barlow

Apr 22, 2022 10:01

Natural gas prices increased marginally on Thursday in response to the release of the Department of Energy's inventory report. LNG demand continues to grow, as do natural gas arrivals at LNG terminals. Five of the last six days have had pressures exceeding 12.27 Bcf. For the next two weeks, the East coast and midwest are likely to experience cooler temperatures than typical.

 

Natural gas in storage was estimated to be 1,450 Bcf as of Friday, April 15, 2022, per the EIA. Stockpiles increased by a net 53 Bcf over the previous week. The target was a 40 Bcf construct. At this point in the year, stocks were 428 Bcf lower than last year and 292 Bcf lower than the five-year average of 1,742 Bcf. The entire operating gas volume, at 1,450 Bcf, is within the five-year historical range.

 

Technical Evaluation

 

Natural gas prices increased slightly on Thursday but fell to a new low. Support on a short-term basis is located near the 10-day moving average of 6.91. Additional support is located near the top of the most recent range, at the 5.57 February highs. Near the April highs of 8.06, the target resistance is visible.

 

The short-term momentum has flipped and become negative as a crossover sell signal was triggered by the fast stochastic. Both the quick stochastic and the relative strength index have declined out of overbought territory.

 

The medium-term momentum has shifted to the positive side but is now decelerating. The MACD (moving average convergence divergence) histogram is positive with a falling trend, indicating consolidation.

 

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