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Japanese Finance Ministry officials said that Japans crude oil imports in April saw the largest year-on-year decline since 1980.Samsung Electronics opened more than 5% higher, while SK Hynix rose 3.8%.Japans Ministry of Finance: Japans exports to the United States rose 9.5% year-on-year in April, exports to Asia rose 16.1% year-on-year, and exports to the European Union rose 26.9% year-on-year.Japans seasonally adjusted merchandise trade balance for April was 236.4 billion yen, compared to a forecast of -200.2 billion yen and a previous reading of 90.7 billion yen.On May 21st, according to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed lower on Wednesday, with the benchmark contract down 1%, mainly due to a sharp drop in international crude oil futures. International crude oil futures fell sharply on Wednesday after Trump claimed that negotiations with Iran had entered the final stage, though he did not provide details. Since soybean oil is a key feedstock for biofuel production, oil prices influence the soybean and soybean oil markets. Analysts say that Chicago soybean oil futures have risen more than 50% so far in 2026, a price that is actually unfavorable in the global vegetable oil market, but at $0.75 per pound, it still makes it profitable for biofuel production. S&Ps assessment data shows that the break-even point for biodiesel producers in the U.S. Midwest is $0.89 per pound, while the break-even point for renewable fuel producers in California is $0.91 per pound.

Predictions for the Silver Market: A Turbulent Time Ahead

Alina Haynes

Jul 22, 2022 14:58

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Silver fell during Thursday's trading session, but it recovered after the European Central Bank raised interest rates, which placed downward pressure on the US dollar. I believe it is only a matter of time until sellers re-enter the market and force this commodity lower since this is a market that continues to witness a lot of noisy activity. However, there are many grounds to believe that silver's value will decline below that of the dollar.

 

Silver's demand is expected to remain weak due to low consumer demand. At this point, I believe it is best to "fade the rise," since it will likely be just a matter of time until sellers re-enter the market. We're probably going to break up soon, and the $20 level above should provide a lot of resistance on the way up.

 

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It's conceivable that sellers will enter the market even if we break over the $20 level, and then the 50 Day EMA will come into play. The 50-day moving average (MA) is currently at $20.73, and it's falling. In the end, I believe that many individuals will rush into this market as soon as it shows indications of tiredness. If the price drops below the hammer's base, it would be reasonable to assume that the $15 support level will be quickly breached.


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