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According to Zhonglianjin Information Network, sulfur prices generally declined today. In Shandong, Dongming Petrochemical quoted solid sulfur at 7550 yuan/ton and liquid sulfur at 7400 yuan/ton, both down 150 yuan/ton from the previous period; Qicheng Petrochemical and Zhenghe Petrochemical quoted liquid sulfur at 7300 yuan/ton, both down 100 yuan/ton; Huaxing Petrochemical quoted liquid sulfur at 7260 yuan/ton, down 90 yuan/ton; Shangneng Petrochemical and Shenchi Chemical quoted liquid sulfur at 7290 yuan/ton and 7303 yuan/ton respectively, down 60 yuan/ton and 50 yuan/ton respectively; Wantong Petrochemical quoted solid sulfur at 7077 yuan/ton, down 30 yuan/ton. Regarding ports, Zhenjiang Ports price is 7400-7430 yuan/ton, down 30-40 yuan/ton from the previous period; Dafeng Ports price is 7380-7410 yuan/ton, down 30-40 yuan/ton from the previous period. In addition, Qingdao Refining & Chemicals solid and liquid prices remain stable, while Jincheng Petrochemical and Xintai Petrochemical have no prices quoted, and Huifeng Petrochemicals liquid sulfur price is currently unavailable due to unit shutdown.On May 26th, AntLingbo announced a deep strategic partnership with Jianzhi Innovation (Beijing) Robotics Technology Co., Ltd. According to the cooperation plan, the two parties will collaborate on data sharing across AntLingbos full-series embodied intelligent model matrix. They will also jointly develop dedicated data acquisition equipment to continuously improve the accuracy and dimensionality of human data and accelerate the scaling up of high-quality physical real-world data.On May 26, a joint statement was released by the Peoples Republic of China and the Islamic Republic of Pakistan. The statement noted that Pakistan positively appraised the informal trilateral meeting between China, Afghanistan, and Pakistan in Urumqi in April 2026 and welcomed Chinas provision of a dialogue platform for communication between the two sides. Both sides agreed to maintain close communication and cooperation on the Afghan issue. Both sides emphasized that no individual, group, or political party, including the Pakistani Taliban and the East Turkistan Islamic Movement, will be allowed to use relevant territories to undermine or threaten regional security and interests, or to engage in terrorist acts and activities.On May 26, European Central Bank (ECB) Executive Board member Schnabel stated that even if a peace agreement is ultimately reached with Iran, the ECB should still raise interest rates in June, as the conflict has lasted far longer than expected and high energy prices are spreading to broader sectors of the economy. The ECB has kept interest rates unchanged for the past year, but discussed a rate hike last month due to soaring energy costs pushing inflation significantly above the 2% target, with several policymakers signaling the necessity of action. Schnabel stated, "Given the scale and duration of the current shock, I believe a June rate hike is necessary at this point." "Even if the war ends today, energy infrastructure and global supply chains have already suffered significant damage, making a monetary policy response necessary. In terms of sustainability, the situation has actually exceeded our adverse scenario assumption, which presupposes a rapid normalization of oil prices." Schnabel also indicated that some second-round effects may have already begun to emerge, with several surveys signaling this. She said, "We are increasingly seeing this shock spreading to other parts of the consumer basket."ECB Executive Board member Schnabel: (Regarding rising bond yields) I have not seen any worrying developments.

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis

Skylar Shaw

May 16, 2022 10:41

Late in the session on Friday, June E-mini NASDAQ-100 Index futures were trading higher, putting the tech-weighted index in a position to end on a positive note, but still below for the week. The market action was chaotic throughout the time, with wild gyrations fueling volatility amid signals of peaking inflation and fears that the Federal Reserve might tighten policy too quickly.


The market was driven higher by rebounding megacap tech and tech-related growth firms. During the epidemic, when interest rates were touching historical lows and Fed monetary policy was supportive, these stocks lifted the main indexes to record highs, but they have been smashed for many months.


In other financial news, Twitter Inc shares fell 9.8% after Elon Musk tweeted that he has put the $44 billion cash acquisition proposal on hold while waiting for evidence on false accounts from the social media business. Tesla Inc, on the other hand, increased by 4.9 percent.

Swing Chart Every Day Technical Evaluation

According to the daily swing chart, the major trend is down. The return of the decline will be signaled by a transaction through 11689.00. The primary trend will turn to up if 13555.25 is crossed.


The small downward trend continues. The minor trend will be changed to up with a transaction through 12553.25. This will change the market's momentum upward.


The long-term retracement zone from 11671.25 to 10468.25 is the primary support on the downside.

A pivot at 12622.25 is the first objective and probable resistance on the upside.