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The Reform Party denies any wrongdoing and will fully cooperate with the investigation.According to Irans Tasnim News Agency, Saudi-led coalition warplanes carried out four airstrikes in Saada, Yemen.Market news: Officials say the UK Reform Party will face a criminal investigation.On September 9th, a spokesperson for the Ministry of Commerce answered a reporters question regarding the US announcement on cybersecurity related to Chinese AI companies distillation activities in the US. The spokesperson stated that the US actions are a typical example of using state power to maintain technological hegemony and computing power monopoly, suppressing competition. Since the beginning of this year, the US executive and legislative branches have frequently issued threats of sanctions and suppression against Chinese companies distillation activities. Their aim is to suppress competition, maintain the US monopoly on computing power and data, ensuring only a US victory, preventing a win-win situation for humanity, and turning globally accessible AI resources into the exclusive resources of a few companies, thus preventing other countries from participating in the widespread sharing of AI innovation achievements.On September 9th, a spokesperson for the Ministry of Commerce answered a reporters question regarding the US announcement on cybersecurity related to distillation activities by Chinese AI companies in the US. The spokesperson stated that distillation is a common practice in the field of artificial intelligence, where models learn from each other. It is essentially a neutral technical means used by global model companies, including US companies. This technique can help models improve learning efficiency, enabling more efficient use of human knowledge. It has positive significance for developing the AI industry in various countries, unleashing the potential of AI technology, bridging development gaps, and benefiting developing countries and the general public more broadly. The US approach is a typical double standard. Regarding artificial intelligence, China encourages open source, openness, cooperation, and sharing. Chinas open-source models are open to global companies, including US companies, facilitating the development of related models. US company reports on model development also disclose that they distill a large number of Chinese models. In contrast, the US has repeatedly unilaterally accused Chinese companies of engaging in "industrial-scale" distillation, smearing common industry practices as attacks. This reflects both US anxiety and double standards.

Natural Gas Price Analysis: The XNG/USD pair retreats to $2.24 within the immediate bearish channel

Daniel Rogers

Apr 17, 2023 13:46

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During the early hours of Monday, the price of Natural Gas (XNG / USD) pares intraday gains of about $2.33. In doing so, the energy asset retreats from a three-week-old bearish channel's upper line.

 

However, the bullish MACD signals and convergence of the 21-SMA and 50-SMA around $2.24 limit the XNG/USD's immediate downside.

 

In the event that the price of Natural Gas falls below $2.24, the stated channel's support around $2.11 will be crucial to monitor, as it will be the lowest point since August 2020 from which the price of XNG and USD has previously rebounded.

 

If the quote remains bearish beyond $2.11, the possibility of a decline toward the $2.00 round number cannot be ruled out. However, the peak near $1.95 in July 2020 could pose a threat to Natural Gas Bears in the future.

 

In contrast, a clear breach of the stated channel's upper line, near $2.35, is not an open invitation for the XNG/USD bulls, as the 200-SMA hurdle near $2.44 can act as the Natural Gas bears' last line of defense.

 

Even if the commodity price remains firmer beyond $2.44, the mid-March swing low near $2.48 and the $2.50 round number can act as additional upside filters before Natural Gas purchasers gain control.


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