EUR/USD 1.17858
0.110%
Gold 5096.86
2.005%
Oil 66.320
-0.480%
USD/JPY 155.059
0.041%
GBP/USD 1.34890
0.196%
GBP/JPY 209.162
0.248%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
February 23 – The Iranian Foreign Ministry stated that its foreign minister and Iraqi foreign minister held a telephone conversation on Sunday evening. During the call, they reviewed and discussed the latest regional and international situation. The Iranian foreign minister briefed Iraq on the progress of the Iran-US nuclear negotiations. The Iraqi foreign minister emphasized Iraqs support for the ongoing diplomatic process and expressed hope that the ongoing talks would yield favorable results for Iran and bring peace and stability to the region.On February 23, local time, European Parliament International Trade Committee Chairman Alain Lange announced via social media that he would propose a suspension of the European Parliaments ratification of the EU-US trade agreement due to the "chaos" caused by the US Supreme Courts ruling that the US governments massive tariff policies were illegal. Lange stated that clear stipulations and legal certainty are needed before any further measures can be taken, and he will formally propose on the 23rd that the European Parliament temporarily freeze the ratification process of the trade agreement with the US until a proper legal assessment and clear commitment from the US are obtained. The EU-US trade agreement was reached last July, with the US imposing a 15% tariff on EU goods imported into the US.February 23 – Pakistani military sources stated on the 22nd that airstrikes conducted by the Pakistani military on the night of the 21st along the Pakistan-Afghanistan border resulted in the deaths of over 80 terrorists. The Pakistani Ministry of Information and Broadcasting issued a statement on social media platforms early on the 22nd, saying that the Pakistani military launched airstrikes, precisely targeting seven terrorist camps and hideouts along the Pakistan-Afghanistan border. The statement said that Pakistan took this action in light of a series of recent suicide bombings in Pakistan.February 23 – The Iranian Foreign Ministry stated that Iranian Foreign Minister Araqchi spoke by phone with the Omani Foreign Minister on Sunday to discuss and exchange views on the latest developments in indirect negotiations between Iran and the United States. During the call, the two sides consulted on arrangements for holding the next round of nuclear talks.February 23 – According to Axios, US and Iranian negotiators are expected to meet in Geneva on Thursday to discuss a detailed nuclear agreement proposal put forward by Iran. A senior US official said on Sunday that the Trump administration expects to receive the proposal by Tuesday at the latest. US officials said the current diplomatic efforts are likely President Trumps last chance to persuade Iran before launching a large-scale US-Israel military operation. Irans foreign minister previously stated that he expected to meet with Trumps special envoy in Geneva on Thursday. A senior US official confirmed the meeting plans but added that the Trump administration is still awaiting Irans proposal. Officials confirmed that the Trump administration and Iran may also discuss the possibility of a provisional agreement before reaching a comprehensive nuclear deal.

Natural Gas Price Futures (NG) Technical Analysis — Seasonal Temperatures Capping Gains from July 16-19

Alina Haynes

Jul 06, 2022 11:26

 截屏2022-06-07 下午5.20.28.png

 

Natural gas futures are on the rise early Wednesday morning after hitting their lowest level since March 24 during the previous session. After overnight weather projections predicted reprieve from the unusually hot weather that has afflicted the country for over a month, vendors resumed their efforts yesterday.

 

Natural gas futures for August are trading at $5.632, up $0.109 or 1.97 percent as of 01:16 GMT. Tuesday's closing price for the United States Natural Gas Fund ETF (UNG) was $18.65, down $0.66 or 3.42 percent.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if required, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts provide spreads beginning at 0 pips and commissions of $3.50 every 100k transacted. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any nation or jurisdiction where distribution or use would violate local law or regulation.

 

According to NatGasWeather, the major American and European weather models continued to indicate a strong head during the first part of the month, however a cooling trend may be on the way.

 

NatGasWeather forecasts scorching temperatures from July 15-16, followed by a "seasonal or neutral" weather from July 16-19. Traders appear to be concentrating on the period from July 16-19. This might determine the market's fate this week.

 

According to the daily swing chart, the primary trend is to the downside. A move over $5,325.00 will indicate a return of the downward trend. A move over $6.833 would indicate a transition to an upward trend.

 

The principal price range is $3.528 to $9.645. Currently, the market is trading on the weak side of its retracement zone between $5.865 and $6.587, which represents resistance. The minor range is between $6.833 and $5.25. Its pivot at $6,079 represents added resistance.

 

At $5.385, the market is now sitting slightly over a prior low point. If the selling pressure persists and this level is decisively broken, then a rapid decline to the March 9 major low around $4.610 is likely to commence.

 

Overcoming the long-term Fibonacci level at $5.865 will be the first indication of a bottom on the upswing. A persistent advance over the minor pivot at $6.079 would suggest that short-covering is gaining strength. This may result in a challenge of the long-term 50% level at $6.587.

Suggestion