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The main contract for the container shipping index (European route) reversed its gains and fell during the day, with the current decline widening to 1.97% at 3779 points, after rising by more than 3% earlier.On June 2nd, local time, a bear appeared and attacked people in an office building and nearby residential area in Sasakino, Fukushima City, Fukushima Prefecture, Japan, injuring four people. The number of bear attacks on people in Japan has been increasing in recent years. Preliminary statistics released by the Japanese Ministry of the Environment in early April this year showed that from early April last year to the end of March this year, a total of 238 people were attacked by bears nationwide, of whom 13 died, both figures being record highs. Current data from the Japanese government estimates that there are more than 19,000 Asiatic black bears in the Tohoku region and 11,600 brown bears in Hokkaido.Tencent Holdings (00700.HK) continued its upward trend, with intraday gains widening to 4%. This followed earlier reports that Tencent was close to launching a WeChat AI assistant.U.S. stock index futures fell, with S&P 500 futures down 0.5%, Nasdaq 100 futures down 0.75%, and Dow Jones futures down 0.47%.June 2nd - According to Yonhap News Agency on June 1st, data released by the Korea Automobile Importers Association that day showed that Chinese-made cars ranked third among newly registered imported vehicles in South Korea in April, surpassing Japanese-made cars for the first time in history. The data showed that in April, European-made cars ranked first in new car registrations in South Korea with 16,800 units, followed by American-made cars (13,600 units), Chinese-made cars (2,023 units), and Japanese-made cars (1,974 units). Yonhap News Agency stated that this is the first time Chinese-made cars have surpassed Japanese-made cars in the South Korean imported car market. South Korean media generally regard this ranking as an important signal of a shift in the South Korean imported car market landscape. The *Korea Economic Daily* reported that Chinese car brands are rapidly increasing their presence in the South Korean market.

Natural Gas Price Forecast - Prices Rise on Report of Strong Inventory

Alina Haynes

May 13, 2022 10:39

Thursday marked the third consecutive trading session in which natural gas prices maintained their upward pace. The National Oceanic and Atmospheric Administration predicts that the weather will be warmer than average in the South for the next 6-10 days and 8-14 days. Northwest temperatures have been declining. Inventories increased over the past week.

 

Thursday's EIA Natural Gas Storage Report indicated that operational gas storage increased by 76 Bcf, from 1,567 Bcf to 1,643 Bcf. In the most recent week, natural gas inventories were anticipated to increase by 66 Bcf.

Technical Evaluation

Natural gas prices challenged the 10-day moving average near 7.766 on Thursday, continuing increases for the third consecutive session. Resistance is anticipated near the May highs, at $8.99.

 

As the fast stochastic generated a crossing buy signal, near-term momentum has turned positive. Nonetheless, momentum is diminishing.

 

Negative momentum has developed in the medium term. The MACD (moving average convergence divergence) signaled a sell crossover. This occurs when the MACD line (12-day moving average minus 26-day moving average) crosses beneath 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.

 

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