• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: NEC, Anthropic, and Japanese financial institutions will collaborate on an artificial intelligence project.Futures Commentary by Everbright Futures: On June 10th, COMEX gold prices plummeted, approaching 4000 points, closing at $4094.1 per ounce, a drop of 4.49%. Domestic SHFE gold opened lower and continued to decline, breaking below 900 points, closing at 892.58 yuan per gram, a drop of 4.11%. 1. On Wednesday evening, data released by the U.S. Department of Labor showed that the U.S. Consumer Price Index (CPI) rose 4.2% year-on-year in May, the largest increase since April 2023, while the core CPI, excluding food and energy, rose 2.9% year-on-year. Although the CPI report suggested that the oil price shock had not yet spread to broader economic sectors, mainly remaining confined to the transportation industry, providing more justification for the Federal Reserve to keep interest rates unchanged until 2027, the market still bet on a Fed rate hike in October after the CPI data release, putting continued pressure on gold prices. 2. Geopolitically, Trumps dissatisfaction with the slow progress of US-Iran negotiations, threatening a "very strong" attack on Iranian infrastructure, has fueled renewed market concerns about a potential escalation of the conflict. This renewed geopolitical tension, coupled with expectations of a Fed rate hike, has dealt a double blow to gold, causing prices to fall rapidly again. However, the unusually weak performance of US stocks may force the Fed to be more cautious in its monetary policy rhetoric. With the Feds interest rate meeting next week, the market anticipates a hawkish stance that could further suppress gold prices. However, its also important to watch for unusual "buy the rumor, sell the fact" volatility in gold prices before and after the meeting.On June 11, in response to the critical issue that my countrys mainstream monitoring equipment and core methods for greenhouse gas monitoring and measurement have long relied on foreign technologies, making it difficult to achieve independent and accurate quality control of carbon emission monitoring data at the national, regional, and industry levels, the State Administration for Market Regulation organized leading domestic scientific and technological forces to carry out key technology research on integrated space-air-ground greenhouse gas concentration monitoring, emission inversion algorithms, and monitoring equipment. They successfully broke through the core technology of high-resolution domestic satellite CO2 and CH4 column concentration and emission inversion, breaking the foreign technological monopoly in the field of mesoscale CO2 flux detection lidar concentration and wind field synchronous detection.The Kuwaiti Civil Aviation Authority announced that flights suspended due to the Iranian attacks have resumed.June 11 – Peakfly Aviation announced today that its V2000CG Kerry-class aircraft has officially received its Validated Type Certificate (VTC) from the Indonesian Civil Aviation Authority (DGCA), becoming the worlds first eVTOL aircraft to receive overseas type approval. As the only eVTOL aircraft of tonnage and above to receive all three airworthiness certificates issued by the Civil Aviation Administration of China (CAAC), the V2000CGs acquisition of the Indonesian VTC indicates that its design meets both the airworthiness standards of its country of origin (China) and the airworthiness requirements of its importing country (Indonesia), providing the prerequisites for the V2000CG to commence commercial operations in the "Land of a Thousand Islands."

Natural Gas Prices Rebound After Weeks of Decline

Larissa Barlow

Apr 26, 2022 10:33

Natural gas prices recovered and finished higher following a 3.7 percent decline on Friday and an 8.5 percent decline for the week. LNG exports increased last week, and demand for LNG remains robust, as natural gas arrivals at LNG terminals continue to rise. For the next two weeks, the weather is forecast to be colder than typical.

 

The EIA reports that US LNG shipments increased by six vessels this week compared to last week. Between April 14 and April 20, 26 LNG shipments with a combined capacity of 97 Bcf exited the United States. This report week saw the most export cargoes exit the United States since the week of February 3–9, 2022.

Technical Evaluation

On Monday, natural gas prices increased. Prices rebounded near support near the October highs of 6.46. Near the 10-day moving average of 6.97, resistance is seen. 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.

 

The medium-term momentum is bearish. A crossover sell signal was given by the MACD (moving average convergence divergence). This occurs when the MACD line (the 12-day moving average minus the 26-day moving average) falls below the MACD signal line (the MACD line's 9-day moving average).

 

The MACD histogram is printed in negative zone with a downward trend, indicating that prices are falling.

 

image.png