EUR/USD 1.17100
-0.251%
Gold 4684.99
-0.639%
Oil 98.868
0.158%
USD/JPY 157.838
0.145%
GBP/USD 1.35162
-0.172%
GBP/JPY 213.343
-0.022%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
21Vianets stock price surged by over 30% at the start of trading, but the gains have since narrowed to 23%.On May 13, data from the Hong Kong Railway Corporation (MTR) showed that passenger traffic on the Hong Kong section of the Guangzhou-Shenzhen-Hong Kong Express Rail Link has been steadily increasing since 2026. As of April, the average daily passenger volume exceeded 90,000, higher than the average of 80,000 per day in 2025, and the daily passenger volume has twice broken the record since the line opened. Hong Kongs Secretary for Transport and Logistics, Chan Mei-po, stated at a Legislative Council meeting on the 13th that the Hong Kong SAR Government is actively discussing with the MTR Corporation and relevant mainland authorities the operation and supporting arrangements for shops and facilities located in the waiting hall of the West Kowloon Station within the mainland port area under the "co-location arrangement" framework. At the same time, the government is continuously improving the service level of the high-speed rail to meet passenger travel needs and the long-term development needs of the high-speed rail.Market news: U.S. Energy Secretary Wright told lawmakers that Iran could reach weapons-grade enrichment levels "within weeks." He noted that while weaponization steps would still be required, the country is approaching a critical threshold.1. U.S. EIA gasoline inventories declined for the 13th consecutive week last week. 2. U.S. domestic crude oil production reached its highest level since the week ending February 13, 2026 last week. 3. U.S. domestic crude oil production saw its largest increase since the week ending February 6, 2026 last week. 4. U.S. EIA strategic petroleum reserves reached their lowest level since the week ending October 11, 2024 last week. 5. U.S. EIA strategic petroleum reserves saw their largest decrease since the week ending August 20, 1982 last week, marking the 7th consecutive week of decline.Market news: U.S. Energy Secretary Wright told lawmakers that Iran is "terribly close" to producing weapons-grade uranium.

Natural Gas Price Prediction - Prices to Rise on EIA's Positive Prognosis

Alina Haynes

May 12, 2022 11:06

Natural gas prices rose substantially for the second consecutive trading session on Wednesday. The National Oceanic and Atmospheric Administration predicts that for the next 6 to 10 days, the majority of the South will see weather that is warmer than average. In the upcoming week, it is anticipated that inventories would increase.

 

The most recent week is anticipated to see a 66 Bcf increase in natural gas stockpiles, according to survey provider Estimize. The release follows the addition of 55 Bcf to stockpiles. In its short-term energy forecast, the EIA projected that natural gas prices will average $8.4 per MMBtu in 2022. 

Technical Evaluation

Wednesday saw a significant increase in natural gas prices, the second straight day of gains. Prices reclaimed resistance, which is presently providing support close to the 20-day moving average at 7.32. Resistance is anticipated near the May highs, at $8.99.

 

As the fast stochastic generated a crossing buy signal, near-term momentum has turned positive.

 

Negative momentum has developed in the medium term. The MACD (moving average convergence divergence) signaled a sell crossover. This occurs when the MACD line (12-day moving average minus 26-day moving average) crosses beneath the MACD signal line (the 9-day moving average of the MACD line).

 

The MACD histogram is in negative territory and sloping downward, indicating that prices will decline.


image.png 


Suggestion