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September 21 - XtalPi Technology announced today that its scientific intelligence platform, XtalPi Science, has completed a major product upgrade, officially launching over 80 proprietary scientific skills and tools, and further expanding the scope of invited testing.September 21 – SoftBank Group is seeking to issue more than $11 billion in bonds, which would be one of the largest junk bond deals in history. Sources familiar with the matter said on Monday that the conglomerate, led by Masayoshi Son, is ramping up its investment in OpenAI. The sources said SoftBank plans to issue $10 billion in dollar bonds with three maturities, and €1 billion (approximately $1.1 billion) in euro bonds with two maturities. This funding will partly support follow-up investments in OpenAI expected to be completed next month.September 21 - According to a report released by Indonesias Meteorology, Climatology and Geophysics Agency, a 5.3-magnitude earthquake struck 34 kilometers northeast of Manggara Regency, East Nusa Tenggara Province, Indonesia, at 8:41 a.m. local time on September 21, with a focal depth of 10 kilometers. No tsunami risk is expected.On September 21st, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4510%, and the lowest was 0.7070%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0310%, and the lowest was 0.8660%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0930%, and the lowest was 0.9020%.On September 21st, Tomo Kinoshita, a strategist at Invesco Asset Management (Japan), stated in a report that following last Fridays increase of the policy rate to 1.25%, the Bank of Japan (BOJ) may further raise the rate to 1.50% in December. Despite the BOJs recent multiple rate hikes, its quarterly corporate surveys show that corporate financing conditions have barely deteriorated. Upside risks to inflation have increased due to rising energy prices and a weaker yen. The Federal Reserves hawkish shift is also increasing the risk of yen depreciation. Kinoshita predicts that the BOJ will raise rates further in March and July next year, bringing the rate to 2.0%, thereby ending the current tightening cycle.

Natural Gas Price Prediction - Prices to Fall on Warm Weather Forecast

Alina Haynes

May 10, 2022 11:16

After reaching 13-year highs late last week, natural gas prices fell sharply on Monday. In the next six to ten days, the National Oceanic and Atmospheric Administration predicts above-average temperatures. Natural gas supplies were stable from week to week.

 

The Energy Information Administration reports that the U.S. natural gas supply is virtually stable from week to week. The weekly average total supply of natural gas increased by 0.1%. The little gain was due to slightly greater domestic dry natural gas output, while average net imports from Canada remained unchanged.

Analytical Techniques

On Monday, natural gas prices fell by more than 11 percent. Near the 20-day moving average at $7.29, old support is now resistance as prices have fallen through it. Target support is near the 50-day moving average at 6.01.

 

Momentum has turned negative over the medium term. MACD (moving average convergence divergence) generated a crossover sell signal. This occurs when the MACD line (12-day moving average minus 26-day moving average) crosses below the MACD signal line (the 9-day moving average of the MACD line).

 

The MACD histogram is in negative territory and sloping downward, indicating that prices will decline. As the fast stochastic generated a crossover sell signal, short-term momentum has turned negative.

 

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