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Tencent Wealth Managements current account + 7-day annualized yield ranges from a maximum of 1.4640% to a minimum of 0.7130%. WeChat Pays 7-day annualized yield ranges from a maximum of 1.01600% to a minimum of 0.8620%. Alipays Yuebaos 7-day annualized yield ranges from a maximum of 1.0700% to a minimum of 0.9000%.On September 18th, Futures News reported that the National Development and Reform Commission, the National Energy Administration, and the National Mine Safety Administration jointly issued a notice to accelerate the stable production and supply of coal through multiple measures. The notice stated that all coal-producing provinces (autonomous regions) and coal enterprises should, under the premise of ensuring safety, make every effort to ensure stable coal production and supply, continuously strengthen monitoring and scheduling, optimize production organization, actively and steadily promote the resumption of production at coal mines, accelerate the acceptance of coal mines undergoing joint trial operation, and promote a steady recovery in coal production to provide strong support for economic growth and energy supply. At the same time, the notice also put forward requirements for the signing and fulfillment of medium- and long-term contracts for thermal coal, leveraging the supplementary role of imports, and promoting the construction of successor coal production capacity. Next, relevant departments will strengthen overall coordination, guide all coal-producing provinces (autonomous regions) and coal enterprises to promptly implement various work arrangements, adjust and improve policies and measures, release coal production capacity reserves in a timely manner, and make every effort to stabilize coal production and supply and promote stable market operation.September 18th - The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 AM on Sunday, September 20th, 2026. Shu Wei, spokesperson and deputy director of the State Administration for Market Regulation, and Yang Sheng, deputy director of the National Medical Products Administration, will introduce the relevant situation regarding promoting high-quality development of market regulation during the 15th Five-Year Plan period and answer questions from reporters.Reserve Bank of Australia Governor Bullock: Forward-looking indicators of the labor market remain stable.According to JLC Network Technologys calculations, as of the fifth working day on the 18th, the change rate was 10.67%, with the average price of reference oil types at $104.32 per barrel. Domestic gasoline and diesel prices increased by 620 yuan/ton. The price adjustment window for this round is at 24:00 on September 24th. 1. Shandong Local Refineries: Yesterday, market purchasing sentiment was generally weak. Local refineries gasoline and diesel sales did not reach production-sales balance. Coupled with the continued decline in international crude oil prices, under the dominance of negative factors, local refineries are expected to put downward pressure on gasoline and diesel prices by about 50 yuan/ton today in order to promote sales. 2. East China: On Friday, crude oil prices continued to fall, weakening support from news. It is expected that today, the prices of main refined oil products in East China will remain at a high level, with continued sales control policies, downstream wait-and-see sentiment, and a sluggish buying and selling atmosphere. 3. South China: On Friday, crude oil prices continued to fall, weakening support from positive news. It is expected that today, the prices of main gasoline and diesel products in South China will remain at a high level, with some gasoline prices possibly easing slightly. Sales companies will continue to control sales volume, and the buying and selling atmosphere will be stable. 4. North China: On Friday, oil prices continued to fall, and market caution intensified. It is expected that gasoline and diesel prices from major suppliers in North China will remain high and consolidate sideways, with some areas potentially showing a slight downward trend. The policy of controlling diesel supply and holding back sales will continue, with traders making small orders based on immediate needs, resulting in a weak trading atmosphere. 5. Central China: On Friday, crude oil prices continued to fall at the close, and news guidance weakened. It is expected that gasoline and diesel prices from major suppliers in Central China will remain stable today, with some gasoline transactions potentially showing a slight easing. Market caution intensified, and buying and selling remained weak and stable.

Silver Price Analysis: XAG/USD is at a weekly bottom, and bulls are losing control below $24.00

Daniel Rogers

Jan 18, 2023 14:54

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Silver rebounds from the weekly low reached during Wednesday's Asian session and is currently in neutral zone, just below the $24.00 round-number mark.

 

Technically speaking, the price activity over the past month or so has formed an ascending channel, indicating a short-term positive trend. Moreover, the XAG/USD has been able to maintain a comfortable position above the 200-period SMA on the 4-hour chart. This, in turn, favors bullish traders and enhances the likelihood of further near-term increases.

 

Nevertheless, oscillators on the daily chart have been losing traction, while oscillators on the 4-hour chart have just begun drifting into negative territory. Therefore, any intraday advance is more likely to encounter resistance in the vicinity of $24.30, followed by the multi-month top in the vicinity of $24.50. Before putting further wagers, bulls may wait for persistent strength beyond the aforementioned obstacles.

 

The XAG/USD may then climb to challenge the upper limit of the aforementioned trend channel, which is now located in the vicinity of $24.80-$24.85. Some subsequent buying over the $25.00 psychological level will signal a new breakout and open the way for a near-term advance. This, in turn, might propel the precious metal to the next significant barrier in the vicinity of $25.35-$25.40.

 

On the other side, the 200-period SMA on the 4-hour chart, which is currently approaching $23.45, is expected to safeguard the immediate downside ahead of the trend-channel support near $23.30-$23.25. A convincing break below this level might make the XAG/USD susceptible to further declines below the $23.00 level and to the $22.60-$22.55 support region en route to the $22.10-$22.00 region.