EUR/USD 1.15309
0.026%
Gold 4050.88
-1.284%
Oil 83.139
0.594%
USD/JPY 159.176
-0.208%
GBP/USD 1.34761
0.081%
GBP/JPY 214.510
-0.118%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 1st - The Italian Civil Protection Department announced on August 1st that, as of now, the earthquake that struck near Naples in southern Italy on the evening of July 31st has injured 26 people. According to the Italian newspaper Corriere della Sera, a magnitude 4.7 earthquake struck the Camp Freigé area near Naples at 7:46 PM local time on July 31st. From then until the morning of August 1st, more than 170 earthquakes occurred. The Civil Protection Department stated that in addition to causing the collapse of some uninhabited buildings, the earthquake also damaged many other structures, forcing approximately 300 people to evacuate their homes. Currently, firefighters and technicians are continuing to conduct building safety inspections, and the possibility of further evacuations cannot be ruled out.Security and refinery sources: The fire at the refinery in southwestern Erbil, Iraq, has been extinguished and production is gradually resuming.The U.S. Geological Survey reports a magnitude 4.9 earthquake that struck 3 kilometers west of Matsuse, Japan, at a depth of 10.0 kilometers.August 1st - According to the Washington Post, multiple officials stated that Admiral Alexus Grynkewich, Commander of U.S. European Command, privately warned the Pentagon this week of a lack of sufficient naval power to continue protecting Israel from ballistic missile attacks, highlighting the resource pressures on the U.S. military from the ongoing conflict with Iran. The commander stated that if he could not acquire another destroyer, he would be forced to choose between defending the U.S. "homeland" and defending Israel. A U.S. defense official stated that Grynkewichs warning was consistent with previous briefings from senior U.S. military officers to the Pentagon when they perceived risks requiring U.S.-level consideration. The official said such situations can occur when theater commanders compete for limited resources and weapons.Ukrainian President Zelensky: The Ukrainian military attacked a sanctioned Russian container ship named YANINA, which has a deadweight tonnage of over 100,000 tons.

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.

 

image.png 


Suggestion