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The main contract of industrial silicon rose by more than 3% and is now quoted at 8,995 yuan/ton.On September 15, the overnight shibor was 1.4080%, up 4.10 basis points; the 7-day shibor was 1.4700%, up 1.00 basis points; the 14-day shibor was 1.5040%, down 2.00 basis points; the January shibor was 1.5330%, up 0.10 basis points; and the March shibor was 1.5530%, the same as the previous trading day.According to futures data on September 15, overnight shibor was 1.4080%, up 4.10 basis points; 7-day shibor was 1.4700%, up 1.00 basis points; 14-day shibor was 1.5040%, down 2.00 basis points; January shibor was 1.5330%, up 0.10 basis points; March shibor was 1.5530%, the same as the previous trading day.On September 15th, Pop Mart (09992.HK) plunged nearly 9% on Monday, its biggest drop since April, hitting its lowest level in over a month, after JPMorgan Chase downgraded its rating to neutral, citing a "lack of catalysts and unattractive valuation." This followed social media posts pointing to weak demand for its new "SKULLPANDA" product, and JPMorgans downgrade heightened market concerns about waning popularity. JPMorgan analysts Kevin Yin and others stated in a report: "Current valuations already reflect perfect expectations. Any minor fundamental disappointment or negative media coverage (such as falling pre-owned prices or third-party licensing issues) could trigger a share price decline." Although the stock has still risen over 180% this year, its 12-month forward price-to-earnings ratio is now close to 23 times.On September 15th, the market generally expected the Federal Reserve to cut interest rates by 25 basis points this week, but uncertainty remained about the direction of the policy once it was implemented. Marc Giannoni, Barclays chief US economist, stated that with inflation remaining subdued, the FOMC will judge that downside risks to achieving its employment goals are increasing. He added that the Feds economic projections remained largely unchanged, but the dot plot indicated three rate cuts (each 25 basis points) this year, one each in 2026 and 2027, while the median long-term interest rate forecast remained unchanged at 3.0%.

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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