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On September 8, Foreign Ministry Spokesperson Mao Ning held a regular press conference. Mao Ning stated that there is only one China in the world, and Taiwan is an inseparable part of Chinas territory—an unshakeable historical and legal fact. UN General Assembly Resolution 2758 solemnly affirms the one-China principle, explicitly restoring all the rights of the Peoples Republic of China and clarifying that China has only one seat in the United Nations; there is no such thing as "two Chinas" or "one China, one Taiwan." Taiwan has never been a country, and it will never be. The Lai Ching-te administrations wanton distortion of UN General Assembly Resolution 2758 once again exposes its separatist nature of "Taiwan independence." Its fallacies cannot change the historical and legal fact that both sides of the Taiwan Strait belong to one China, nor can they shake the international communitys firm commitment to the one-China principle.September 8th – On September 8th, Foreign Ministry Spokesperson Mao Ning held a regular press conference. A Reuters reporter asked, “India is about to host the 18th BRICS Summit. Who will China send to this summit? What are China’s expectations for this summit?” Mao Ning stated that China attaches importance to BRICS cooperation and supports India in successfully hosting this year’s leaders’ summit. “However, I have no information to provide on your specific question at this time,” Mao Ning said.Infineon shares fell 2.3% after Morgan Stanley downgraded its rating from overweight to neutral.September 8th - With the resumption of oil transport through the Strait of Hormuz, Kuwaiti crude oil exports have recovered to approximately 1 million barrels per day, including ship-to-ship transshipment outside the strait. Sabah, Managing Director of International Marketing at Kuwait Petroleum Corporation (KPP), stated that the company is also delivering directly to customers. Currently, they are using both their own tankers and chartered vessels to transport oil. As more tankers find routes through the Strait of Hormuz, Kuwaiti crude oil exports have recovered to nearly two-thirds of last years average daily export of 1.6 million barrels. Kuwaiti crude oil exports had fallen to multi-year lows since the outbreak of the Iraq War in late February.According to the Bahrain News Agency: Bahrain strongly condemns the Houthi attacks on Saudi civilians and key facilities once again.

E-mini NASDAQ-100 Index (NQ) Futures Technical Analysis – Change in Minor Trend Puts 12523.25 on Radar

Skylar Shaw

May 27, 2022 10:37

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Shortly after the cash market closed on Thursday, June E-mini NASDAQ 100 Index futures were trading higher, putting the tech-heavy index on course to end a lengthy run of weekly losses.


The contract for futures is now on a seven-week losing run. The NASDAQ Composite rose roughly 2.7 percent to 11,740.65, boosted by a rise in Dollar Tree stock.


June E-mini NASDAQ-100 Index futures were trading at 12254.75 at 20:23 GMT, up 312.50 or +2.62 percent. The Invesco QQQ Trust ETF (QQQ) finished up $8.02, or 2.75 percent, at $299.28.


Dollar Tree, a bargain retailer, soared 21.9 percent after reporting a profit beat, helping to propel the NASDAQ higher.


In addition, Twitter's stock soared 6.3 percent when it was revealed that the social media business is suing billionaire Elon Musk for failing to disclose his ownership in the company. In other developments, Elon Musk boosted his investment in the company's acquisition attempt to $33.5 billion, signaling a new level of seriousness and greater likelihood that the transaction would be completed, according to experts.

Technical Analysis of the Daily Swing Chart

According to the c, the major trend is down. The momentum, on the other hand, is increasing. The major trend will turn to up if a transaction is made through 12594.00. The return of the decline will be signaled by a move through 11491.25.


The small upward trend is continuing. On Thursday, buyers wiped out the minor top at 12096.75, and the trend shifted to the upside. This turned the market's momentum to the positive. The minor trend will be changed to down if a transaction is made through 11576.25.


12594.00 to 11491.25 is the minor range. At 12042.50, the index is trading on the strong side of its pivot, indicating support.


The long-term 50% level at 11671.25 provides significant support. The long-term Fibonacci level of 10468.25 comes next.


On the upside, a 50 percent level at 12523.25 is the next barrier, followed by a retracement zone from 12894.75 to 13226.00.

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