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On May 18th, the national carbon market composite price was as follows: opening price 84.40 yuan/ton, highest price 84.40 yuan/ton, lowest price 82.10 yuan/ton, closing price 84.08 yuan/ton, a decrease of 0.98% compared to the previous day. The trading volume of listed agreement transactions today was 56,510 tons, with a turnover of 4,751,464.00 yuan; the trading volume of bulk agreement transactions was 100,000 tons, with a turnover of 8,350,000.00 yuan; there were no one-way auctions today. The total trading volume of national carbon emission allowances today was 156,510 tons, with a total turnover of 13,101,464.00 yuan. From January 1st to May 18th, 2026, the national carbon market carbon emission allowance trading volume was 33,314,913 tons, with a turnover of 251,187,6453.21 yuan. As of May 18, 2026, the cumulative trading volume of carbon emission allowances in the national carbon market was 898,181,433 tons, with a cumulative trading value of 6,017,449,468.78 yuan.On May 18th, it was learned from the National Data Administration and the Guangdong Provincial Government Service and Data Management Bureau that the Guangdong-Hong Kong-Macao Greater Bay Area Data Special Zone Innovation Cooperation Center was established today, marking a significant step forward for the Greater Bay Area in exploring new solutions for cross-border data flows. As a key platform for the national data infrastructure pilot program, the newly established center will focus on addressing the challenges of cross-border data circulation. Its primary responsibilities include providing basic data support services to government departments within the Greater Bay Area and offering professional cross-border data circulation services to enterprises. Moving forward, the center will focus on exploring new solutions for data circulation across six key application scenarios: cross-border manufacturing, cross-border healthcare, cross-border scientific research, cross-border education, cross-border e-commerce, and data processing.On May 18, the Peoples Bank of China (PBOC) released the "Management Measures for the List of Seriously Dishonest Entities in the Areas Managed by the PBOC (Draft for Public Comment)," which strictly stipulates the criteria for inclusion on the list of seriously dishonest entities and strengthens the constraints and punishments for dishonest behavior. The draft proposes that institutions and individuals in the areas managed by the PBOC, such as bills, payments, RMB circulation, and credit reporting, who engage in behaviors that are expressly prohibited by laws and regulations, seriously disrupt the financial market order, infringe upon the legitimate rights and interests of the people, and whose circumstances are particularly serious and whose impact is particularly egregious, should be included on the list of seriously dishonest entities. A relevant official from the PBOC stated that it will strengthen the constraints and punishments for serious dishonest behavior in the financial sector in accordance with laws and regulations, encourage seriously dishonest entities to actively correct their dishonest behavior, promote the creation of a credit environment in the financial sector that "incentivizes trustworthiness and punishes dishonesty," and further improve the construction of the social credit system in the financial sector.Bank of England Monetary Policy Committee member Green: The secondary effects of the energy price shock will not be apparent for another year.Iranian Foreign Ministry spokesman: Tehran is demanding the release of frozen Iranian funds and the lifting of sanctions in negotiations with the United States.

Forming Potentially Bearish Reversal Top

Cory Russell

Jul 25, 2022 15:22

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Late in the trading day on Friday, September E-mini Dow Jones Industrial Average futures are trading lower after giving up previous gains. The blue chip Dow had a sharp decline as the S&P 500 Index and NASDAQ Composite Index experienced a sharp decline as technology equities fell as a result of disappointing earnings results from Snap and Twitter.


September E-mini Dow Jones Industrial Average futures are trading at 31772, down 235 points or 0.73 percent, as of 17:53 GMT. From an intraday high of 32193, this is now lower. The SPDR Dow Jones Industrial Average ETF (DIA) is down $1.33 or 0.41 percent, trading at $319.08 today.


In stock-related news, shares of Intel Corp. and Verizon Communications are both down close to 3.5 percent. Apple is down over 1.0 percent, while Microsoft is down more than 1.5 percent.


Procter & Gamble and American Express are the only companies outperforming the market, both up by about 2.0%.

Economic Information Influences Attitude

Following the publication of additional discouraging economic statistics, doubts about the status of the American economy as well as concerns about profits affected confidence.


The U.S. PMI Composite output index, which analyzes activity in both the manufacturing and service sectors, recorded a preliminary value of 47.5, which indicates declining economic production. The index has not been at that level for more than two years.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward, but the price action in the late session indicates that momentum may be changing to the negative.


A transaction through 32193 will indicate that the uptrend has resumed. If 30109 is crossed, the primary trend will shift to being downward.


Smaller trend is similarly upward. The minor trend will turn downward if there is a trade through 31504. The downward momentum will change as a result.

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