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December 31st, Futures.com analysts latest view: Brent crude oil futures prices tended to consolidate in the recent intraday trading session. Although the Relative Strength Index (RSI) showed a negative signal, and the oversold condition appeared excessive compared to price action, suggesting that bearish momentum is rapidly weakening. Meanwhile, positive support remains in place as prices continue to trade above the 50-day exponential moving average (EMA50). The trendline-following pattern remains unchanged, dominated by a short-term bullish corrective wave.December 31st, Futures.com analysts latest view: WTI crude oil futures fell in recent intraday trading after the Relative Strength Index (RSI) showed a negative signal after reaching overbought territory. This pullback aims to accumulate momentum and digest previous gains. This decline occurred against the backdrop of continued dynamic support, specifically as prices remain above the 50-day exponential moving average (EMA50), which reinforces the stability and dominance of the short-term bullish corrective trend. In particular, the current price action continues along the support trendline, meaning the possibility of a price recovery in the near future remains.December 31st, Futures.com analysts latest view: International spot gold rose in recent intraday trading, gaining bullish momentum by stabilizing at the key support level of $4350, thus achieving the current cautious gains. However, as the price is still trading below the 50-day exponential moving average (EMA50), the resulting negative pressure limits the possibility of a strong rebound in the short term, and the market is currently still dominated by a bearish corrective wave. Accompanying this cautious rise, the Relative Strength Index (RSI) has shown a negative signal after escaping oversold territory, indicating that the bearish trend may return. This means that any current rise may only be a temporary correction, after which gold may face selling pressure again.On December 31, the Ministry of Commerce issued an announcement requiring all regions to scientifically formulate plans for the use and disbursement of subsidy funds, ensuring balanced monthly allocation and smooth transitions between weekly periods within the month and across months and quarters. At the provincial level, overall coordination should be strengthened, with unified and clear requirements for application materials, application methods, processing procedures, and review processes for specific matters such as applications from business entities to participate in subsidy policies and fund disbursement. While ensuring risk control, local conditions may be considered, and methods such as advance payments and rolling disbursements can be adopted to simplify the fund review process, accelerate disbursement, reduce the financial burden on participating business entities, and ensure that all eligible subsidy funds are disbursed promptly and in full.On December 31, the Ministry of Commerce announced that local governments should organize and implement the work of replacing old home appliances with new ones and subsidizing the purchase of new digital and smart products. They should give full play to the advantages of different sales channels, make good use of both online and offline channels to implement the subsidy policy, strengthen work guidance and technical support for participating business entities, encourage offline stores to create diversified consumption scenarios, tap the potential of physical retail such as brand stores and specialty stores, further support the development of offline physical stores, and enhance their role in driving consumption in the surrounding areas.

The “fuel shortage” in the UK prevents doctors from visiting, or worsens the epidemic

Oct 26, 2021 11:06

The recent continuous rise in global oil and gas prices has triggered energy crises in many places, and the UK, which was previously a “green energy” student, has become the biggest victim. As the bottleneck of energy supply expands from natural gas to fuel, many medical staff in the country can only live in hotels on standby when they cannot refuel their cars. This has made the country’s epidemic prevention and control situation worse.

In fact, since last week, British car owners have started lining up to buy gasoline fuel. On the one hand, the high natural gas price has caused the price of fuel to rise. In order to protest the excessive fuel price, the truckers’ guild went on strike. As a result, the transportation capacity of oil products has further declined, and the "oil shortage" has intensified. In the process, the medical staff who needed to drive to the clinic suffered the most.

Although, according to the guarantee supply agreement, the fuel of the British emergency ambulance can still be guaranteed, but the transfer service of non-emergency patients has been suspended, and it is more difficult for family doctors to visit the clinic. Some doctors can only stay in hotels near the service area and are on standby for 24 hours. As a result, officials from the British National Health Service (NHS) have begun to call on local governments to take measures to prevent people from rushing to buy gasoline in order to give priority to ensuring the effective operation of key medical services. In particular, when the severe winter weather is approaching, ensuring that there is enough vehicle fuel to transport patients has become a top priority.

The British government therefore stated that it might issue short-term visas to foreign drivers to alleviate the “driver shortage” in the transportation sector, thereby ending the vicious cycle of the fuel supply market. The rumors of insufficient supply are not true. The government has the ability to guarantee the demand for fuel in the whole society. Even when necessary, it will be possible to mobilize military forces to urgently participate in tank truck driving services to ensure that gas stations in various places can maintain normal supplies.

NHS officials also pointed out to the media that if medical staff cannot go to work and go to the clinic normally, the health and life safety of patients will not be completely guaranteed. This will bring great hidden dangers and risks in the environment where the new crown epidemic is still continuing. Destructive, so it makes people have to worry about it. In fact, under the epidemic, the normal order of treatment for many patients has been disrupted. Once more medical staff are unable to arrive in Hong Kong in time, the mood may deteriorate further.

Although, before the British Johnson has announced that it will consider temporarily increasing the tax rate, so as to provide additional funds for the medical department to increase the manpower in the current emergency situation, in order to alleviate the pressure brought by the epidemic. However, under the additional pressure of the energy shortage, the current troubles are more than expected. With the advent of the winter season, even greater troubles may have just begun.