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Euro Stoxx 50 futures rose 0.13%, German DAX futures rose 0.24%, and UK FTSE 100 futures rose 0.18%.February 16th - According to the Ministry of Transport, data from the Comprehensive Transportation Spring Festival Travel Rush Task Force shows that on February 15th, 2026 (the 14th day of the Spring Festival travel rush, the 28th day of the twelfth lunar month, Sunday), the total cross-regional passenger flow in China reached 286.397 million person-times, a 0.3% increase compared to the previous day and a 10.7% increase compared to the same period in 2025 (Monday). Specifically, railway passenger volume was 13.798 million person-times, a 9.8% decrease compared to the previous day and a 3.2% increase compared to the same period in 2025. Road passenger flow (including non-commercial passenger car trips on expressways and ordinary national and provincial highways, and commercial road passenger traffic) reached 269.31 million person-times, a 0.9% increase compared to the previous day and an 11% increase compared to the same period in 2025. Among them, the volume of commercial passenger traffic by road was 38.45 million, a decrease of 4.2% month-on-month and an increase of 8.2% year-on-year; the volume of non-commercial passenger car trips on expressways and ordinary national and provincial highways was 230.86 million, an increase of 1.8% month-on-month and an increase of 11.5% year-on-year. The volume of passenger traffic by waterway was 919,000, a decrease of 4.8% month-on-month and an increase of 38.5% year-on-year. The volume of passenger traffic by civil aviation was 2.371 million, a decrease of 1.6% month-on-month and an increase of 6.4% year-on-year.February 16th - Iran and the United States are scheduled to hold their second round of indirect talks on February 17th in Geneva, Switzerland. Ahead of the talks, Iran stated that it seeks a nuclear agreement with the United States that would bring economic benefits to both sides. According to Irans Fars News Agency on February 15th, Hamid Gambari, Irans Deputy Foreign Minister in charge of economic affairs, said, "To ensure the sustainability of the agreement, it is crucial that the United States also benefits in areas where it can quickly obtain high economic returns." He indicated that the second round of indirect talks on the 17th will cover shared interests in areas such as oil and gas fields, joint mining operations, mining investment, and even aircraft procurement.The yield on Japans 40-year government bonds rose 7.0 basis points to 3.725%, while the yield on Japans 30-year government bonds rose 5.0 basis points to 3.485%.February 16th - Recently, due to a surge in global demand for GLM-5, concurrent access has exceeded the planned limits, leading to queuing, response delays, and lag, impacting the experience for some users. Although Zhipu (02513.HK) has repeatedly expanded its domestic chip cluster and released limited GLM Coding Plan packages, it has not been able to completely resolve the current supply shortage. Zhipu is now launching a "Computing Power Partner" recruitment program: 1. Chip Manufacturers: Zhipu is willing to open its core technology interfaces to jointly conduct underlying optimizations for GLM-5. 2. Computing Power Partners and Inference Service Providers: Jointly build a higher concurrency, lower latency inference network. 3. Other forms of computing power cooperation.

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.