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On July 12, US President Trump said that he would impose a 25% tariff on imports from Japan from August 1. Hidetoshi Tashiro, chief economist of Japan Unlimited Contract Co., Ltd., said: Once the 25% tariff is widely applied to other categories of goods, it will be a fatal blow to manufacturers in almost all industrial fields in Japan. In fact, this impact has begun to appear. At present, many small and medium-sized enterprises that produce parts for large companies have cut off orders. The problem is no longer "may happen" but "is happening." This will deal a devastating blow to Japans overall economy. Recently, the Economic Trends Index for May released by the Cabinet Office of Japan showed that the overall assessment of the economic situation has turned to "worsened" for the first time since July 2020, indicating that there is a high possibility that the Japanese economy is in a recession.On July 12, He Xiaopeng, chairman of Xpeng Motors, posted on social media: "After nearly a month of internal discussions, Xpeng has formulated relevant steps for account period adjustment and execution, and has recently begun to move forward. We hope to move forward and change steadily step by step, and together with many partners, use our meager strength to promote the common progress and healthy development of the industry."On July 12, the Tianzhou-9 cargo spacecraft and the Long March 7 Yao-10 carrier rocket combination were vertically transferred to the launch area and are scheduled to be launched at an appropriate time in the near future.July 12, there was a report about "Lei Jun talks about car manufacturing: the most difficult part is making wheels". Xiaomi PR General Manager Wang Hua said: "I have seen several articles or similar videos in the past two days, which extracted the video of Lei Juns interview with Li Xiang in April 2024, cut off the beginning and the end, and took out the middle part that took wheel design as an example to spread it separately, and after taking it out of context, it became Lei Jun talking about the most difficult part of car manufacturing is making wheels."According to a report released by the Indonesian Meteorological, Climate and Geophysical Agency on July 12, at 7:11 a.m. local time on July 12, a 5.3-magnitude earthquake occurred in the sea 297 kilometers southwest of South Nias County, North Sumatra Province, Indonesia. The epicenter was located at 1.62 degrees south latitude and 96.28 degrees east longitude, with a focal depth of 61 kilometers. No tsunami risk is expected.

Following the EIA Inventory Report, Natural Gas Prices Consolidate

Larissa Barlow

Apr 22, 2022 10:01

Natural gas prices increased marginally on Thursday in response to the release of the Department of Energy's inventory report. LNG demand continues to grow, as do natural gas arrivals at LNG terminals. Five of the last six days have had pressures exceeding 12.27 Bcf. For the next two weeks, the East coast and midwest are likely to experience cooler temperatures than typical.

 

Natural gas in storage was estimated to be 1,450 Bcf as of Friday, April 15, 2022, per the EIA. Stockpiles increased by a net 53 Bcf over the previous week. The target was a 40 Bcf construct. At this point in the year, stocks were 428 Bcf lower than last year and 292 Bcf lower than the five-year average of 1,742 Bcf. The entire operating gas volume, at 1,450 Bcf, is within the five-year historical range.

 

Technical Evaluation

 

Natural gas prices increased slightly on Thursday but fell to a new low. Support on a short-term basis is located near the 10-day moving average of 6.91. Additional support is located near the top of the most recent range, at the 5.57 February highs. Near the April highs of 8.06, the target resistance is visible.

 

The short-term momentum has flipped and become negative as a crossover sell signal was triggered by the fast stochastic. Both the quick stochastic and the relative strength index have declined out of overbought territory.

 

The medium-term momentum has shifted to the positive side but is now decelerating. The MACD (moving average convergence divergence) histogram is positive with a falling trend, indicating consolidation.

 

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