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March 12th Futures News: The following are the warehouse receipts and changes for various commodities traded on the Shanghai Futures Exchange: 1. TSR20 rubber futures warehouse receipts: 49,795 tons, unchanged from the previous trading day; 2. Low-sulfur fuel oil warehouse futures warehouse receipts: 25,620 tons, a decrease of 1,100 tons from the previous trading day; 3. Alumina futures warehouse receipts: 359,047 tons, an increase of 11,961 tons from the previous trading day; 4. Stainless steel warehouse futures warehouse receipts: 51,238 tons, a decrease of 176 tons from the previous trading day; 5. Butadiene rubber futures warehouse receipts: 46,330 tons, an increase of 10 tons from the previous trading day; 6. International copper futures warehouse receipts: 14,867 tons, an increase of 1,208 tons from the previous trading day; 7. Nickel futures warehouse receipts: 53,904 tons, a decrease of 437 tons from the previous trading day; 8. Hot-rolled coil futures warehouse receipts totaled 474,583 tons, a decrease of 2,649 tons from the previous trading day; 9. Gold futures warehouse receipts totaled 105,420 kg, an increase of 510 kg from the previous trading day; 10. Aluminum futures warehouse receipts totaled 358,635 tons, an increase of 7,944 tons from the previous trading day; 11. Fuel oil futures warehouse receipts totaled 0 tons, unchanged from the previous trading day; 12. Tin futures warehouse receipts totaled 12,360 tons, an increase of 2,329 tons from the previous trading day; 13. Zinc futures warehouse receipts totaled 85,695 tons, an increase of 4,622 tons from the previous trading day; 14. Natural rubber futures warehouse receipts totaled 120,540 tons, unchanged from the previous trading day; 15. Copper futures warehouse receipts totaled 326,327 tons, an increase of 5,911 tons from the previous trading day; 16. Rebar warehouse futures receipts totaled 26,403 tons, unchanged from the previous trading day; 17. Petroleum asphalt mill warehouse futures receipts totaled 61,780 tons, an increase of 7,670 tons from the previous trading day; 18. Petroleum asphalt warehouse futures receipts totaled 24,640 tons, unchanged from the previous trading day; 19. Medium-sulfur crude oil futures receipts totaled 3,511,000 barrels, unchanged from the previous trading day; 20. Lead futures receipts totaled 63,269 tons, an increase of 6,371 tons from the previous trading day; 21. Silver futures receipts totaled 309,974 kg, an increase of 58,115 kg from the previous trading day; 22. Pulp warehouse futures receipts totaled 163,398 tons, an increase of 10,087 tons from the previous trading day; 23. Pulp mill warehouse futures receipts totaled 17,000 tons, unchanged from the previous trading day.March 12 – On March 12, the third “Ministerial Corridor” of the Fourth Session of the 14th National People’s Congress was held at the Great Hall of the People, where Minister of Ecology and Environment Huang Runqiu was interviewed by reporters. Huang Runqiu introduced that last year, the national average PM2.5 concentration dropped to 28 micrograms per cubic meter, and the proportion of days with good air quality reached 89.3%, the best level since monitoring began; during the “14th Five-Year Plan” period, the national PM2.5 concentration cumulatively decreased by 20%, and the number of heavily polluted days decreased by 25%. The proportion of surface water sections with good water quality reached 91.4%, far exceeding the target set for the “14th Five-Year Plan”.March 12 – As soaring oil prices pushed the Indian rupee to a record low, local importers sought safe havens, driving up hedging costs to protect against further depreciation. Sajal Gupta, head of foreign exchange and commodities at Nuvama Institutional, said importers are preparing for a potential delay in the Middle East crisis; if the rupee falls below 92.40, it could depreciate to 94 “very quickly.” He noted, “Indian importers are usually under-hedged before widespread panic, and now everyone is under hedging pressure.” On Thursday, the rupee fell to a record low of 92.3638 per dollar due to concerns that soaring oil prices would increase India’s import spending. Anil Kumar Bhansali, head of treasury at Finrex Treasury Advisors, said that while importers hedged, exporters postponed selling forward dollars in anticipation of further rupee weakness, exacerbating upward pressure on hedging costs.Germanys IFW has lowered its 2026 economic growth forecast to 0.8% from 1.0% in the winter forecast, citing high commodity prices.The onshore yuan closed at 6.8752 against the US dollar at 16:30 on March 12, down 52 points from the previous trading day.

S&P 500 Price Forecast – S&P 500 Breaks Out

Cory Russell

Aug 12, 2022 15:04


Technical Analysis of the S&P 500

The S&P 500 had a little rally during Thursday's trading session to surpass the significant 4200 milestone. The 4200 level has historically served as resistance, therefore the fact that we have broken over it is quite positive. The next significant hurdle in the futures market will be 4300, and I do believe that it's quite likely that we will need to determine whether or not we can beyond it. It would be quite positive if we were to break over the 4300 barrier.


Based on the inflation scenario and the interest rate position in the bond market, the market continues to seem to be hanging about. Due to the current state of chaos, the only thing you can really do is pay careful attention to your position size since no matter what occurs next—especially at the current level of uncertainty—there will be a lot of noisy activity. Furthermore, the Federal Reserve continues to assert that the market is mistaken, therefore there is still a lot of difficulties to be seen in this situation.


A huge wave of selling might begin if we go below the 4100 mark. Alternately, the market would almost probably rocket off to the upside for a greater move if we were to break over the $4300 barrier. From a macroeconomic perspective, there is now no genuine way to discern the equilibrium, thus it is best to exercise prudence rather than bravery.