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The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."Bank of Japan Governor Kazuo Ueda: Non-weather factors may push up food prices.

Natural Gas Price Prediction: Markets Gap Upward to Start the Week

Daniel Rogers

Jul 12, 2022 14:32

 截屏2022-06-07 下午5.20.28.png

 

To begin the trading week, the natural gas markets gapped upward, then drew back to close the gap before rising once again. In the end, this market continues to exhibit a lot of erratic behavior, and quite honestly, we had been so oversold that this move was necessary. In truth, there may yet be some progress to be made, but in the end, the natural gas markets will continue to take a beating. This is due to the fact that the United States won't be providing LNG for the European Union, and the EU has now realized that it needs to find alternative energy sources. (To get an idea, look at the coal market.)

 

I believe we will move lower to test the 200 Day EMA if we are able to close Monday's session below the bottom of the candlestick. This does not necessary imply that you leap right in, but I still believe that this will resemble a case where you "fade the rallies." As a result, I believe that this market's early signals of weariness will continue to provide possibilities for shorting. Because of this, I do believe that we will go much lower, but given how far we have dropped in such a short period of time, a slight rebound makes a lot of sense.

 

The $5.34 is currently the "floor in the market," and I completely expect that we will ultimately revisit that range. The market would collapse if we can break down below that level, but I believe we need to do more before trying that.


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