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On July 4th, a team led by Professor Yang Yuchao of the School of Integrated Circuits at Peking University, in collaboration with a team led by Researcher Song Zhitang of the Shanghai Institute of Microsystem and Information Technology, Chinese Academy of Sciences, successfully developed the worlds first neurodynamics system-on-a-chip based on phase-change memristors. This breakthrough reduces the single-step latency of such complex calculations to 2.12 milliseconds for the first time. In tasks such as cortical reconstruction, this represents a speedup of 50 to 478 times compared to current advanced graphics processing units (GPUs), overcoming a real-time computing bottleneck that has constrained neurodynamics for half a century. The relevant findings were published in *Science* on the morning of July 3rd.On July 4, Jiang Lue, spokesperson for the China Coast Guard, stated that the Xiushan frigate flotilla replaced the Daishan frigate flotilla on July 4 and continued its law enforcement patrols in the waters east of Taiwan. Since June, the Daishan frigate flotilla has continuously conducted patrols, verification operations, and fishery protection and rescue operations in the relevant waters to ensure normal navigation and operational order and safeguard the legitimate rights and interests, as well as the lives and property of Chinese fishermen, including compatriots from Taiwan. The China Coast Guard will continue to strengthen law enforcement patrols in waters under its jurisdiction and resolutely safeguard national territorial sovereignty and maritime rights.July 4th - US President Trump: The US economy is booming! The stock market just recorded its best quarterly performance since my last term. The S&P 500, Nasdaq, and Dow Jones indices all surged, and Americans 401(k) retirement accounts continued to grow. My tax cuts for working families have put more money in American pockets. The US trade deficit continues to narrow, and exports have hit record highs for several consecutive months. The US is building, producing, and selling at an unprecedented pace. The trillions of dollars in new investment attracted under my administration mean more factories, more jobs, and more opportunities for the American people. This is victory. Americas "golden age" has begun, and this is just the beginning!July 4th - The Fujian Provincial Government recently issued the "15th Five-Year Plan for Digital Fujian," further detailing the development goals and key tasks for the construction of Digital Fujian during the 15th Five-Year Plan period. The plan proposes that by 2030, the provinces level of digital and intelligent development will reach a leading position domestically, continuously consolidating its advantages in areas such as market-oriented allocation of data elements, industrial digitalization, digital government construction, and the digital and intelligent development environment, making Digital Fujian a benchmark for the construction of Digital China. Specifically, it aims to achieve an average annual growth rate of over 8% in the added value of the core digital economy industries over the next five years.Artificial Intelligence: 1. Alibaba has completely banned Claude Code internally due to the risk of backdoor implantation. 2. Hanwha Group: Will invest 55 trillion won in South Korea to build satellite, space launch vehicle, and defense AI data centers. Integrated Circuits (Chips): 1. Samsung and SK Hynix are reportedly leading the demand for substrate manufacturers to lower prices. 2. Kioxia delivered samples of its new generation of flash memory chips to AI data centers. 3. Samsung reportedly received over 10 trillion won in AI chip foundry orders from Meta. 4. Samsung plans to raise DRAM prices by 20% in the third quarter; manufacturers say they have already received notification. 5. Infineons worlds largest power semiconductor factory, with an investment of 5 billion euros, has started production ahead of schedule. New Energy Vehicles: 1. Three departments: Starting next year, pure electric commercial vehicles and plug-in hybrid/range-extended vehicles will be required to pay vehicle and vessel tax. 2. China Passenger Car Association: Retail sales of passenger cars in China reached 1.651 million units in June, a year-on-year decrease of 21%. 3. According to Teslas (TSLA.O) official Weibo account, the number of Teslas global Superchargers has exceeded 80,000, with 2,700 new units added in the second quarter, representing a year-on-year increase of 17%. Other: 1. TrendForce: Memory prices in the third quarter are expected to increase by 13-18% quarter-on-quarter, supported by AI servers. 2. The Ministry of Industry and Information Technology has decided to establish a Quantum Information Standardization Technical Committee to be responsible for the formulation and revision of industry standards. 3. According to Yonhap News Agency: The head of the Korea Aerospace Administration stated that South Korea plans to launch a lunar lander before 2030. 4. South Korea, together with Samsung, SK, and other companies, launched a 312 trillion won investment plan, focusing on the semiconductor and aerospace industries.

Crude Oil Price Prediction: Crude Oil Markets Rebound

Alina Haynes

Jul 19, 2022 11:53

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Although there has been a lot of volatility in the West Texas Intermediate Crude Oil market over the last several weeks, Monday's trading session saw a tremendous amount of positive pressure. However, I also acknowledge that we have been heading lower for some time, and each subsequent high has been lower. We broke above the $100 mark, and it now appears like we are going to threaten some form of rebound. The $106.27 mark is the location of the 50 Day EMA. In the end, I predict that sellers will enter this market at the first indications of tiredness and drive it toward the 200 Day EMA.

 

The Brent markets also had a substantial uptick throughout the trading day, breaking beyond the $105 barrier. As a result, the market appears to be in the mood to test the prior uptrend line, which will be a very intriguing region to follow. In addition to the prior support that should now be resistance, the 50 Day EMA is also present in that approximate area.

 

As a result, I believe it's only a matter of time until we start to see indications of weariness, and I will start shorting at that point. However, it's feasible that we may move as high as the $113 level if we were to break over the 50 Day EMA. In the end, I believe this market will continue to see significant volatility, making it challenging to maintain positions. However, it's feasible that we may try to recover fully if we do break out to the upside.