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On January 11, UN Secretary-General Spokesperson Stephane Dujarric said on the 10th local time that the United Nations has noticed reports from both the United States and Russia that US President-elect Trump plans to hold talks with Russian President Vladimir Putin. The United Nations welcomes any dialogue between the United States and Russia after Trump officially takes office as president. US media reported on the same day that Trump is planning to hold talks with Putin to resolve the Ukrainian issue. In response, Russian Presidents Press Secretary Peskov said on the 10th that Russia welcomes Trumps willingness to resolve the issue through dialogue. Although there are no specific arrangements at present, there should be further actions after Trump takes office as president.On January 11, the South Korean government said on the 10th that the country will discuss the minimum age standard for the elderly in the near future to deal with issues related to the aging population. According to media reports, the South Korean government intends to raise the minimum age threshold for the elderly to 70 years old. This proposal was made by the Ministry of Health and Welfare of South Korea and has been reported to Acting President Choi Sang-moo. At present, the minimum age standard for the elderly in South Korea is 65 years old.On January 11, the weather in northern and western Japan near the Sea of Japan has been extremely cold recently, with heavy snowfall in large areas over the past few days. In particular, the snow depth in Suoyu, Aomori Prefecture reached 3.7 meters on the 10th. Due to the snowfall, some sections of Japans highways were closed, and some Shinkansen trains were suspended or delayed.British Chancellor of the Exchequer Reeves: The fiscal rules set in the October budget are "non-negotiable". Global financial markets have undoubtedly changed.On January 11, Mitsubishi Motors President Takao Kato was interviewed on January 10. Regarding whether to join the management merger consultation between Honda and Nissan, he said "this is one of the options." Speaking of the envisioned benefits, Kato Takao said "We can actively get help in the North American business (where Mitsubishi Motors has no production base)." Kato Takao also pointed out that in terms of in-vehicle software development, "there will also be scenarios where the technical strength of the two companies will be utilized, which will be very beneficial." Honda and Nissan announced the full launch of management merger consultations in December last year. Mitsubishi Motors previously stated that it will decide whether to join the consultations around the end of January.

Natural Gas Price Forecast - Prices increased as a result of slower production growth

Daniel Rogers

May 26, 2022 09:48

After four consecutive trading sessions of increases, natural gas prices reversed course on Wednesday.

 

The National Oceanic and Atmospheric Administration predicts that the weather will be warmer than average in the eastern United States for the next 6 to 10 days and 8 to 14 days. As the temperature rises and cooling demand grows, prices climb.

 

According to the LNG export tracker, LNG exports increased to 13.39 on Wednesday after decreasing the day before. However, the natural gas supply in the United States has continued to fall. This circumstance has prompted a price increase. Working natural gas in storage hovers around the minimal amount for the next five years.

Technical Evaluation

Wed., natural gas prices soared past $9 before settling at $8.9, as dwindling stockpiles pushed prices higher. Near the 10-day moving average of 8.29 is viewed as support.

 

Near the May 9 highs of 8.996, there is resistance. As a result of the crossing sell signal given by the fast stochastic, the short-term momentum went negative.

 

As the MACD signaled a buy crossing, medium-term momentum became positive. The MACD (moving average convergence divergence) histogram displays a positive value and an ascending trend, indicating increasing trade activity.

 

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