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On July 27, Japanese Prime Minister Shigeru Ishiba said in an interview with NHK that he plans to stay in office despite growing calls within the ruling party for him to resign after last weeks election defeat. "I will devote myself to the future of the people and the country," he said. He added that he must take responsibility for implementing the recently announced US-Japan trade agreement. Ishiba will speak at a Liberal Democratic Party meeting on Monday. LDP members have been calling for someone to be held accountable for the results of the July 20 Senate election. Former Foreign Minister Toshimitsu Motegi called on the LDP to change its leader on his YouTube channel over the weekend. Several Japanese media reported last week that Ishiba planned to resign, but the latter later denied the news. When NHK asked him if he had wavered in his decision to continue to govern, Ishiba replied "no".Russian Defense Ministry: Russian troops have attacked Ukrainian remote drone control stations. The deployment locations of the Ukrainian Armed Forces in 146 regions have been attacked.On July 27, US President Trump posted a picture on his "real social media" showing former US President Obama driving the white Ford Mustang SUV that former US football star OJ Simpson rode when he fled in the "wife murder case" in 1994, while Trump and Vice President Vance were driving behind to catch up. Vances image was also modified and came from the previously popular "Fat Vance" emoticon package.On July 27, Russian Presidential Press Secretary Dmitry Peskov told reporters that Russian-Ukrainian relations after the special military operation are currently an overly theoretical issue, and the tasks of the special military operation must be completed first. Peskov said that before determining the principles of future interaction between Moscow and Kiev, it is necessary to confirm that the tasks facing the special military operation in the direction of Ukraine have been completed. He said: "First of all, we still have to solve the problem. We need to confirm that the tasks facing the special military operation have been completed." Peskov added that Russia prefers to achieve peace with Ukraine through political and diplomatic means. However, Kiev and its Western allies have rejected all proposals for peace talks, so the special military operation continues.According to Russian media: Kremlin spokesman Peskov said that Russia prefers to resolve the Ukrainian conflict through political and diplomatic means, but Kiev and the West rejected this approach.

Natural Gas Price Analysis: Breakout of the 21-DMA sustains bullish XNG/USD sentiment near $2.35

Daniel Rogers

Apr 12, 2023 13:39

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Natural Gas (XNG/USD) maintains modest gains near $2.36 as bulls maintain control over a three-day uptrend as of early Wednesday. Consequently, XNG/USD investors applaud an unambiguous break of the 21-DMA near the highest levels in three weeks.

 

Bullish MACD signals, sustained trading above the 10-DMA, and the upside of the 21-DMA all contribute to the optimism of Natural Gas buyers.

 

Nonetheless, intraday XNG/USD investors are attracted by the late-March trade high near the $2.40 round number. However, a convergence of numerous levels marked since early March and the 50-day simple moving average (around $2.47-48), followed by the $2.50 threshold, could limit the energy instrument's upside potential.

 

If the XNG/USD remains stronger than $2.48, the March 14 high around $2.75 will be in focus.

 

Alternately, Natural Gas sellers require confirmation from the 21-DMA support at $2.31 in order to revisit the 10-DMA support near $2.25.

 

Notably, the lows recorded since late February emphasize $2.13-12 as the key strong downside support for the XNG/USD bulls to overcome if they wish to reach the high near $1.95 in early July 2020.

 

Overall, the price of Natural Gas regains its upward momentum, but further gains appear constrained to the north.